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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Soco - Huge oil finds in prospects in Vietnam

August 2005

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:
  • SIA
  • Price:
  • 613p
High flying oil E&P firm Soco International has delighted its supporters with a string of eye-opening drilling successes, which have convinced some investors that it will unearth the same kind of 1 billion barrel super discovery as that which propelled Cairn Energy into the FTSE-100. Soco was originally a subsidiary of New York listed Snyder Oil, a gas producer in the Rocky Mountains, before floating on the LSE�s Full List in May 1997. A glance at the long-term share price indicates that it has ebbed and flowed in conjunction with the fortunes of the oil price. But this hides the fact that Soco is a well-run company, which has consistently produced enough oil, supplemented by canny asset disposals, to pay for its more e ...

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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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