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.
LIKE so many other small oilers, there were high expectations when Tangiers Petroleum (TPET) first listed on AIM, but since then the share price has declined steadily. We could finally be about to see a change in fortunes though, with many technical indicators pointing to the current price of around 12p providing a base from which it can have a good bounce and a change in trend.
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