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Originally Posted by AMR
Lately I have been bullish about oil, and I believe that the second half of next year will provide good buying opportunities into these junior oilers. I'm looking basically for NZO clones over on the ASX or even the NYSE. Oilers that are on the verge of production or have already started producing and have low forward looking PEs. I only know of a few at the moment, and they are all displaying topping patterns. Any suggestions?
I hold OEL which is well worth a look, & they have JV's with IPM & NDO.
PSA & AMU are very cheap & i have held them also.
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My Oil & gas holdings are ARQ, ROC, EXR, OEL
The first two are long term holds, whereas the last two are more of a "speculative punt"
Also intend to add some NXS to the long term portfolio sometime.
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Add to that list
TDO
KTE
BUR
CUE
.^sc
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Originally Posted by Shrewd Crude
TDO
KTE
BUR
CUE
.^sc
BUR is looking very cheap Shrewdy. I guess the big question is when will it turn?
Soon I recon
Last edited by STRAT; 28-12-2007 at 03:41 PM.
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Bur
BUR keeps getting cheaper Strat/SC.
15c is yet to be broken, but it's getting close again.
All BUR followers are mystified as to why the market won't acknowledge it. Nice to see it popping up on a few lists for te 2008 comp.
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....reality cheque !
Dont be surprise to wake up one day to find some junior oilers revised downwards in price . This check in the pumped-up prices has got to come , and denial is going to be fatal for one's bank a/c .
Logic is in 2007 midcap producers were punnished with any mistake in any quarterly , whereas reserve only explorer(s) were price driven in the multiples . It should have been the other way round with oil near 90-100$bblo....
NXS is one that is way over-priced, whereas ARQ is priced fairly for example .
dyot
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