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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Valiant Petroleum - Fast growing North Sea oil producer on soon-to-be prospective PE of 3.6

April 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • VPP
  • Price:
  • 619p
Until recently the perceived wisdom was that the boom in North Sea oil production was over, with all the easy fields now emptied and the costs of accessing the more challenging ones too prohibitive. However, with events in the Middle East quite possibly forcing prices back up towards US$140 / barrel, there is likely to be a positive shift in the economics of extracting those smaller, geologically fiddly fields that Big Oil does not want. One company successfully exploiting this is TMI Portfolio constituent Enquest (ENQ; 151p), which has been well-received following its spin-out from oil services firm Petrofac. Another company that is arguably higher risk but potentially much higher rewarding is AIM-listed Valiant Petroleum, one of ...

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Related Articles

Valiant Petroleum - North Sea oil firm on cusp of strong increase in production (November 2009)
Valiant Petroleum - New North Sea oil firm with excellent production growth potential (July 2008)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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