By Ben Turney | Thursday 26 June 2014
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.
I won’t name (and shame?!) him, but I had a recent chat with one of our contributors recently about the virtues or otherwise of buying into Tangiers Petroleum (TPET) as a trade on oil frenzy. My coverage of Tangiers hasn’t been exactly favourable and I’d have a very hard time buying such a stock without applying a clamp to my nose. However, for my unnamed colleague, Tangiers represents a tradeable buying opportunity. He could well be right and it will be interesting to watch the market’s response in the coming weeks to this news that drilling operations at the TAO-1 Well have started.
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