For the June 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 June competition is midnight on Thursday 31 May 2012.
Good luck!!!!!
p.s. The June competition results will be posted on this thread asap after month end.
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Would Jubileeve it? I'm going for SOCO International (LON:SIA) again on the +20% side. One day this will turn out to be right - but it could just as easily be at any time in the next few months. In this case, however, there is the AGM on 13th June which, though I won't be there, may just provide some illumination in several areas......
....such as CNV liquids production, buyback follow-through plans, first oil from TGT H4 timetable ...and perhaps an indication re reserves updates.
I'm inclined to think that the sector as a whole is oversold (and there may well be more M&A), so I'm holding fire on picking a down target. However, recent experience shows that those who disappoint with the drillbit are often hit hard.
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