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.
Oil companies are a favourite with private investors, but in recent times it has been hard to actually make a profit from them, unless you’ve been shorting. The market is now very different to how it was back in 2010, when throughout the oil sector we saw some crazy rises, especially amongst some of the smaller explorers.
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