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.
CLICK HERE (PAGE 26) FOR AN EXAMPLE OF THE UPSIDE POTENTIAL IN HERITAGE – http://issuu.com/spreadbetmagazine/docs/spreadbet-magazine-v4_generic