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Saturday 18 November 2017 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares



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SOCO International share price decline could be close to a reversal

2017-11-08 02:06:06

As an investor who has always been a big fan of oil and gas plays in general it is difficult not to focus on that particular sector at the moment, given the recovery that we have been seeing there. Some people may argue that the move has already happened and that oil prices might not go much above the $64 level that we have hit this week, and could well finish the year a fair bit lower – certainly somewhere in the high 50s wouldn’t surprise me, although a lot will revolve around the outcome of the OPEC meeting at the end of the month. Whilst that may be the case with the commodity itself, when it comes to equities many have lagged this commodity correction, and given the share price action of some of them, you could be forgiven for thinking that oil was still down in the doldrums and completely unloved.

Zak Mir's Bear Call Of The Day: Soco International: Risk Of March Support Retest

2015-06-04 01:02:48

The post September period has been something of a classic as far as Soco International (SIA) shares have been concerned on the daily chart. Alas if you are a bull, for all the wrong reasons.

Soco – Full Year Results – look at the cashflow

2013-03-18 13:13:33

FTSE 250 listed oil Production Company Soco (SIA) operates in some pretty exotic locations – its production is in Vietnam and its exploration assets are in the sort of African hell holes you’d send your mother-in-law on holiday to. But the financial footing of the company is rock solid as calendar 2012 results published on 11th march make clear. Among the mid-cap oil explorers this shines out by dint of its cash backing and cash generation. This is not something discounted in a 399p share price and the shares should be bought as part of a balanced portfolio of oil producers.




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