SBM ADDS TO CONVICTION BUY POSITION IN GULFSANDS PETROLEUM

So far our Dream Oil Explorers portfolio has gone swimmingly. The real outliers in terms of valuation are Ruspetro (which we cover in this months edition of our magazine out this Friday) and Gulfsands Petroleum.

Aside from the valuation underpinnings for Gulfsands, we like the chart set up below, where it looks as if there has been a higher base form around the 120-130p. There seems to be a seller operating this morning and as this is a relatively illiquid stock to play, we take the opportunity to pyramid our position up today at 130p.

Take a look at our record on the About Us page – this year we have achieved over a 90% success rate on our Calls.

We have seeded 3 dedicated “follow me” funds that are managed in accordance with the measured leverage and risk controlled basis that we advocate in this magazine – 

1. A diversifed yet concentrated Oil Explorers fund

2. A diversified yet concentrated Natural Resources fund and

3. A Special Situations/Global Macro fund.

If you would like details on this unique “follow me” system and how you can gain exposure to these funds ahead of an official launch, email us at editor@spreadbetmagazine quoting “FOLLOW ME”.