Wednesday 12 December 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Often at the lower end of the oil and gas sector private investors get fixated with taking gambles on drills with large prospective resources and dream of untold riches if the company gets lucky with the drill bit, but the reality is that in the majority of cases this will result in a duster and substantial losses.
Hello, Share Baggers. It’s a long time, if ever, since I brought up one of the most annoying stocks in my portfolio. That’s JKX Oil & Gas (JKX). And at long last, I see a glimmer of hope. I advised my wife to buy this company for her ISA yonks ago.
Hello, Share Crimpers. My wife’s self-trading ISA account, which I monitor and occasionally advise upon, has done better than my own. Which is a jolly good job because one of my choices on her behalf was JKX (JKX), the oil company. This was a long time ago and since then the share price has gradually fallen. But…
There will be few who disagree that shares of JKX Oil & Gas give the impression of being something of a blast from the past, given how much private investor interest there was in the situation until even only a short while ago.
Although it may be the case that aggressive bulls of JKX Oil and Gas feel that near current levels the shares are starting to look attractive, from a bargain-hunting perspective, at least on the basis of classical technical/charting methods, it would appear that there is still too much here as far as downside momentum to suggest a bottom fish.
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