Whilst the talk in town is on how low the oil price can go, opportunists are sharpening their pencils. The question is, which oil companies will prosper and which one will feel the heat even more?
For the August 2015 “>20%” monthly oil stock competitions, which oil stocks will have the greatest move for
(i) >20% gain?
(ii) >20% loss?
You may enter two stocks, one for (i) and one for (ii). More than one person may enter the same stock. The deadline for the August competition is midnight on Sunday 2 August. Results will be posted on this thread asap after the month end.
Good luck!!!!
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<stuck record mode>
SOCO International (LON:SIA) have their interims on 5th August. I'm expecting them to indicate an upgrade to forecast output and perhaps to flag some other upcoming metrics for the business. I don't think +20% is too big an ask if sentiment turns towards the stock and, ideally, the sector.
I have a feeling it may be quite a good month for E&Ps generally (which would make a very welcome change!)
ee