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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Enquest - Shares rally as oil bounces

March 2015

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:
  • ENQ
  • Price:
  • 38.25p
When we recommended North Sea oil & gas producer Enquest last August the odds were firmly in favour of a further rise in oil prices on the back of an expected cut-back in Iraqi production due to the ISIL insurgency. But as we now know it didn’t pan out that way as economic slow-down in China and Europe, followed by a shock decision by Saudi Arabia to persuade OPEC to leave production unchanged, has caused Brent crude to crash from US$115 to US$45 / barrel. The Saudi’s motivation is allegedly to force the new wave of US-based fracking oil firms (who are heavily borrowed and need a high price to break even) to cut production and / or go out of business. With spare capacity cleared away the Saudi’s cunning plan could s ...

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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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