I hope people are now used up their capital gain allowance for this tax year and ready to rock 'n' roll again in a few days...... ;-)
For the April 2012 “>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 April competition is midnight on April Fool's Day this Sunday.
Good luck!!!!!
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The last month hasn't gone according to my expectations as the E&P sector has fallen even further out of favour ......despite various companies reporting record results and with oil prices continuing to hover near recent highs (notwithstanding suggestions of Saudi production increases and rumours of coordinated plans for a Western SPR release).
Though there are a number of companies drilling important wells at present, I'll resist the temptation to guess whether their shares will move up or down. Instead I'll go for corporate news to trigger +20% for SOCO International (LON:SIA).
I may be a month or two early with that pick, but +20% from here really isn't too taxing given the recent shocking share price underperformance in the face of robust fundamentals....always assuming there is something newsworthy, of course.
I won't pick a down this time, even though it does look to me as if some of the favourites from the last couple of years have started to run out of puff and are ripe for a continuation of spring profit-taking (indeed I notice that at least four such companies have fallen by over 20% in the last 30 days).
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