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Buy Petroceltic : Floor Found Along With New Egyptian Licences

By Zak Mir | Monday 22 April 2013

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.

It is probably best to get the negative factor out of the way here first at Petroceltic (PCI) – that of Egypt, and the upstream oil & gas explorer’s exposure to the “Arab Spring” nation.

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