aim oil explorers – another chance to delve into the sweet shop

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Xcite Energy – 94p

Bowleven – 74p

Northern Petroleum – 74p

Gulfsands Petroleum – 111p

Heritage Oil – 134p

For those traders with a 6 – 12 months perspective (and free margin!) – the opportunity to build a diversified selection of oil explorers given the respective maket caps of many of these company’s relativ to their to 2P’s and Boe’s, is one of the most attractive I have seen in a number of years, particularly with the oil price still in excess of $100 a barrel.

If “Mr Market” won’t correct this, then I am certain that the cash rich larger players will.

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