Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
From a fundamental perspective it would appear that bulls of Irish oil exploration group Petrel Resources (PET) has already stamped its authority as far as investors are concerned following the revelation in November that Quadrant 35, part of its 11/4 licensing option in the Irish Atlantic could contain one billion barrels.
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