Thanks, looks a safe bet and in safe waters - the North Sea! Do you read Malcy's Blog an industry expert on oil prices and oil companies. He doesn't just ramp certain companies but can be very bearish on some. He does occasional write on IAE and has 160p target. He has upgraded HUR to 120p. He also highly rates SOU stating its cheap as chips. Funny - I never set out to invest in Oil companies but seem to be ever more attracted to them even though the price of Oil is falling. Time to evaluate my strategy perhaps! Thanks for the birthday wish. http://www.malcysblog.com/
RE: Re SP Retreat
Hi Banksman, apologies for delay. I see you have sold Igas. I did the same had 2k invested there and made a tiny 10 pound loss to move my money elsewhere. I have 10 stocks in my portfolio, 7 currently in profit. SGRO is my largest holding only because I worked there for a number of yrs and participated in SAYE scheme. I am up over 75% there. AUE is my second largest holding and have 6.5k invested but now down 31%. I agree AUE is a solid company with an excellent leader. Its been hit recently over gold prices and the ebola outbreak. Both will recover and so will the SP. I am also well up with Flow (recommended) and Ukog (too risky to recommend) Yes I have heard news about stocks falling so will review my portfolio to de-risk.
25 Sep '14
Welcome Seattle, would be interested to hear why you think SP has bottomed. I do like what SGI are doing with the buyout of Noble, it's making & investing money, & is cash rich. But not in favour.
23 Sep '14
I like this share , I think this has hit a bottom . So I have started buying yesterday .
17 Sep '14
Have you looked at Ithaca IAE?
13 Sep '14
Re SP Retreat
Apologies Dave for typo error, for Newsweek read Moneyweek.
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