Dave VI was wondering if anyone had some suggestions on a good oil stock under $10.00. With the situation concerning Iran and Israel the oil prices are slowly moving up. If prices were to jump is African Oil (AOIFF) a good one to have that would reflect oil prices? Thanks for your comments.
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KOG Kodiac Oil and Gasis right at $10 and has been doubling their sweetcrude output almost every year from their Bakken oilfield sites
Something I am looking into but that is riskier is a Canadian Junior called Canacol Energy Ltd. http://www.canacolenergy.com/
They have operations in Columbia and Ecudaor. They have some wells in production and good exploration acreage in Columbia.
Their Colombian geologist just bought $1,000,000 worth of shares on the open market at .88 and .89$.
Check our Warren Resources, Inc (WRES), David. I bought some Feb 10 and just purchased a bit more today. Selling around $4.26 as I write this.
I have been buyiny since the 1.40 level and keep adding. Plenty of cash, low debt. Partnered with Tullow with extensive knowledge of areas. Owns over 50% of Horn Petroleum. Both own tremendows amount of land to drill for years where oil seeps in places. Along with Afren, another I keep adding to are among my key holdings. sign on at their web for up to date emails. papa
AOIFF up sharply today on oil discovery.see news. Saw report of at last 300 million barrels and possibly much more.