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Falkland Oil & Gas; time to start averaging in

By Ben Turney | Tuesday 12 August 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.


A comment earlier by my colleague Gary Newman, in his excellent write up of Xcite Energy (XEL), made me think about the Falkland Islands’ explorers. I know Gary regards most of these as speculative punts. He tends to prefer stocks with proven reserves, which are producing or are on the cusp of production. However, his point about buying AIM-listed oil stocks when there is little news and interest is a very good one. Most people have followed the Falklands’ story over the last decade and most will be aware that the share prices of the various companies involved haven’t done much for two years. This could all be about to change, as we enter the final six months before the next, long-awaited drill campaign. 


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