Market begins to wake up to Heritage’s potential – stock up at 163p

See our previous blogs on the tab bar on the right but to us, Hoil was, and remains pretty much the cheapest Oil explorer out there and remains firmly in our Dream portfolio. The shares are now almost 40% higher than their pre OML30 suspension price

It is encouraging to see the stock back towards the 170p and we would expect the price to be nearer the 200p by the end of the month when the rights issue is announced – remember there is a reduced free float out there now with all the Treasury stock the company holds. It won’t take much to squeeze these higher (and TB has a vested interest in this now given his inability to take up the rights issue in full!).

Hoil 5 min chart

Plenty more to come in our opinion.

Editor