RE: stuff21 Jun 2020 16:44
The case for investing in oil companies is as a contrarian investment - with the SP low because of trading conditions and lack of sentiment.
While I can understand the logic of that argument and would normally support it, just at the moment with plenty of other contrarian investments - including FTSE100 companies - giving a much more likely route to profit, my view is to wait in the side lines with just a very minimal investment.
I am still very actively following ,my investment here with a view to closely watching Enquest and Brent - when the time is right I will increase my investment but just at the moment I see no real signs of a dramatic recovery in the oil price this year.