100% gain in 10 months challenge

Speculator

Right I'm looking for a challenge, so I've decided to invest €2k in oil stocks.

I will invest in only one Oil share at a time, I'll sell when I feel its time to take profits and buy another oil share.

I'm hoping to trade at least 5 oil shares this year.

Challenge duration March to December 2010.

My picks will not be based on fundamentals instead they will be based on rumours and sentiment.

My first share will be Bowleven PLC
Bowleven has a busy year head with up to 4 drills planned, all drills are fully funded, if Bowleven strikes oil it will be transformational for the company. Bowleven is currently undervaled based on its NAV and should be priced at approx €1.30. First drill date due to begin in April/May.

Current share price €1.18 No of Shares 1694 Value £1998

There is a strong possibility that I could end up with zero at the end of the 10 months. Alternatively I could end up with 100% +

molloyjazz

Didn't think any markets were preforming well atm.. so good luck with your venture/gamble!

Speculator

molloyjazz wrote: »

Didn't think any markets were preforming well atm.. so good luck with your venture/gamble!

Hence the word challenge in the title

yobr

Speculator wrote: »

Right I'm looking for a challenge, so I've decided to invest €2k in oil stocks.

I will invest in only one Oil share at a time, I'll sell when I feel its time to take profits and buy another oil share.

I'm hoping to trade at least 5 oil shares this year.

Challenge duration March to December 2010.

My picks will not be based on fundamentals instead they will be based on rumours and sentiment.

My first share will be Bowleven PLC
Bowleven has a busy year head with up to 4 drills planned, all drills are fully funded, if Bowleven strikes oil it will be transformational for the company. Bowleven is currently undervaled based on its NAV and should be priced at approx €1.30. First drill date due to begin in April/May.

Current share price €1.18 No of Shares 1694 Value £1998

There is a strong possibility that I could end up with zero at the end of the 10 months. Alternatively I could end up with 100% +

Thanks for sharing the details of your challenge with us and I wish you the best of luck...I note that you are intending to trade in five oil stocks during the period..would you like to let us know what others you have under consideration?

Speculator

yobr wrote: »

Thanks for sharing the details of your challenge with us and I wish you the best of luck...I note that you are intending to trade in five oil stocks during the period..would you like to let us know what others you have under consideration?

Hi Yobr,

I'm currently looking at 22 oil stocks. None of which are mentioned in my Energy Portfolio below. At this stage I am unsure which of these companies will have the best resources available when I decide to sell Bowleven.

When I do decide to sell Bowleven I may not invest in any of the 22 stocks I'm researching. It all depends on what Oil Company has the most potential at the time. Sorry for being vague but I cant give you a definate answer at this stage.

yobr

Speculator wrote: »

Hi Yobr,

I'm currently looking at 22 oil stocks. None of which are mentioned in my Energy Portfolio below. At this stage I am unsure which of these companies will have the best resources available when I decide to sell Bowleven.

When I do decide to sell Bowleven I may not invest in any of the 22 stocks I'm researching. It all depends on what Oil Company has the most potential at the time. Sorry for being vague but I cant give you a definate answer at this stage.

Understand. Actually I only read in the last few minutes that you used to be Lexus1976 and I am a regular follower of your posts on here. Your other posts give some insights into your thinking on similar shares. thanks

Bullish

Nice tread Speculator... If you trade on rumours and sentiment, My bets are you beat the market hands down instead of fundamentals.

yobr

Speculator wrote: »

My first share will be Bowleven PLC
Bowleven has a busy year head with up to 4 drills planned, all drills are fully funded, if Bowleven strikes oil it will be transformational for the company. Bowleven is currently undervaled based on its NAV and should be priced at approx €1.30. First drill date due to begin in April/May.

Current share price €1.18 No of Shares 1694 Value £1998

That has moved well for you, are you still in it or have you moved on elsewhere yet?

Speculator

yobr wrote: »

That has moved well for you, are you still in it or have you moved on elsewhere yet?

Still in mate, not going anywhere for a while.

yobr

Speculator wrote: »

Still in mate, not going anywhere for a while.

That says it all! well done, your off to a good start...hope it continues....

johndaman66

Out of curiosity Spectacular what would the transaction fees be for the 5 buy and 5 sell trades you will/ may intend to place?

Speculator

johndaman66 wrote: »

Out of curiosity Spectacular what would the transaction fees be for the 5 buy and 5 sell trades you will/ may intend to place?

Charges and fees per trade below:

Purchases
Commission £9.95
Stamp Duty (UK Registered stocks purchases only) .5%


Sales
Commission £9.95

Speculator

yobr wrote: »

That says it all! well done, your off to a good start...hope it continues....

Me too

absolutegroove

Hello Speculator,

Which stockbroker are you with?

Thanks.

Speculator

absolutegroove wrote: »

Hello Speculator,

Which stockbroker are you with?

Thanks.

Hi Absolute,

I use T D Waterhouse.

yobr

Speculator wrote: »

Bowleven is currently undervaled based on its NAV and should be priced at approx €1.30. First drill date due to begin in April/May.

Current share price €1.18 No of Shares 1694 Value £1998

Hi, just wondering did you exit Bowleven? I see it went up to the mid 1.30's although it has since fallen back....

Speculator

yobr wrote: »

Hi, just wondering did you exit Bowleven? I see it went up to the mid 1.30's although it has since fallen back....

Hi mate, still invested and will be for at least another 4 to 6 weeks.

The whole sector took a bit of a battering this week due to Desire drilling a duster. Things will begin to heat up as we get closer to the spud date.

Grawns

Recommend Dragon Oil - DGO as more gains to come. I bought €1000 worth a year ago at €1.59, now trading at €5.65. Was just for fun at the time so I appreciate you sharing your oil experiences.

Speculator

Grawns wrote: »

Recommend Dragon Oil - DGO as more gains to come. I bought €1000 worth a year ago at €1.59, now trading at €5.65. Was just for fun at the time so I appreciate you sharing your oil experiences.

Why do you recommend Dragon?

Grawns

Well obviously I've done very well in a year, and am up over 200%. Most analysts would place it as a buy but I guess over the short term it's not suitable for your strategy. Best of luck

Speculator

Grawns wrote: »

Well obviously I've done very well in a year, and am up over 200%. Most analysts would place it as a buy but I guess over the short term it's not suitable for your strategy. Best of luck

Well done

Speculator

Speculator wrote: »

Right I'm looking for a challenge, so I've decided to invest €2k in oil stocks.

I will invest in only one Oil share at a time, I'll sell when I feel its time to take profits and buy another oil share.

I'm hoping to trade at least 5 oil shares this year.

Challenge duration March to December 2010.

My picks will not be based on fundamentals instead they will be based on rumours and sentiment.

My first share will be Bowleven PLC
Bowleven has a busy year head with up to 4 drills planned, all drills are fully funded, if Bowleven strikes oil it will be transformational for the company. Bowleven is currently undervaled based on its NAV and should be priced at approx €1.30. First drill date due to begin in April/May.

Current share price €1.18 No of Shares 1694 Value £1998

There is a strong possibility that I could end up with zero at the end of the 10 months. Alternatively I could end up with 100% +

The early indications are positive, I'll hold on to this share for a few more days before moving on to my next pick. The current conditions in the market have affected the majority of shares I have on my Radar. I have been paying very close attention to Faroe Petroleum and BP, after a lot of consideration these have been marked off my target list.







RNS Number : 3714P
BowLeven Plc
15 July 2010

Kevin Hart, Chief Executive said:



"We are very pleased with results obtained so far from the IE-3 appraisal well. The initial log evaluation is very encouraging as it confirms the upper sands are in pressure communication with IE-2z and highlights the presence of light oil and gas condensate at multiple additional horizons. Further evaluation is required, including testing, but the results to date are promising in the context of the IE field development area and for our Cameroon acreage as a whole."

Speculator

I've sold Bowleven (BLVN) @ £1.46 with a gain of 24% (£2,478). I believe this share has a fair bit higher to go, however there are better opportunities on the market in my opinion.

The next share I will be purchasing is Salamander (SMDR). Althought the first drill of the year hit a duster I believe this company has massive potential. Salamander is now moving the rig to the next drill site Rock Lobster. This is a significant well and if they strike it lucky, it will be transformational for the company and its share price.

Current Share Price £2.32 No of Shares 1067 Value £2,476

AstonMartin

are you getting this information from the companies website?

Speculator

AstonMartin wrote: »

are you getting this information from the companies website?

There are too many too mention, here are a few publications and websites that I use for my research:

• FT
• Business Post
• fool.co.uk
• oilbarrel.com
• barchart.com
• upstreamonline.com
• rigzone.com

Speculator

Speculator wrote: »

The early indications are positive, I'll hold on to this share for a few more days before moving on to my next pick. The current conditions in the market have affected the majority of shares I have on my Radar. I have been paying very close attention to Faroe Petroleum and BP, after a lot of consideration these have been marked off my target list.

Faroe Petroleum, the independent oil and gas company focusing principally on
exploration, appraisal and undeveloped field opportunities in the Atlantic
margin, the North Sea and Norway, is pleased to announce an oil discovery in
well 6406/3-8 T2 on the Maria prospect (Faroe 30%).

Despite the Faroe discovery, I'm confident that Salamander has alot more potential. Only time will tell.

turbobaby

I'm going to follow you and have a dabble on Salamander with a small amount just out of interest. Hope you don't mind!

jetski

I like this thread

Speculator

turbobaby wrote: »

I'm going to follow you and have a dabble on Salamander with a small amount just out of interest. Hope you don't mind!

No probs, but please note these companies are high risk and very volatile.

The share price may drop significantly in value if they dont locate oil on their next drilling campaign (Rock Lobster).

As always do your own research before investing.

Remember: tips and advice on an online forum are to be taken with a pinch of salt.

turbobaby

Speculator wrote: »

No probs, but please note these companies are high risk and very volatile.

The share price may drop significantly in value if they dont locate oil on their next drilling campaign (Rock Lobster).

As always do your own research before investing.

Remember: tips and advice on an online forum are to be taken with a pinch of salt.

Absolutely. As I said, it's a small amount which will be no problem if written down to zero. It's just an interest investment to add to my pretty low risk portfolio (except for the Ultra short gold ETF :eek: ).

colsku

Speculator wrote: »

I've sold Bowleven (BLVN) @ £1.46 with a gain of 24% (£2,478). I believe this share has a fair bit higher to go, however there are better opportunities on the market in my opinion.

The next share I will be purchasing is Salamander (SMDR). Althought the first drill of the year hit a duster I believe this company has massive potential. Salamander is now moving the rig to the next drill site Rock Lobster. This is a significant well and if they strike it lucky, it will be transformational for the company and its share price.

Current Share Price £2.32 No of Shares 1067 Value £2,476

i read today that Rock lobster proved fruitless. Is SMDR still a "hold" for you? Their price didnt drop too much so the market must not have been expecting much success there. Currently £2.23.

Interesting thread btw.

Speculator

colsku wrote: »

i read today that Rock lobster proved fruitless. Is SMDR still a "hold" for you? Their price didnt drop too much so the market must not have been expecting much success there. Currently £2.23.

Interesting thread btw.

Ah well, you win some you lose some. By the looks of things the market has decided its not a big blow in the grand scheme of things. Will stay put for the moment.

3rd time lucky next well is the Angklung due to be drilled in Aug/Sept.

delllat

keep us updated man
this is fascinating stuff !

mikerockfield

Just been reading through this thread, its a good read!..
I like your trading plan as it is probably as good as any!!..been looking at ollies in Kurdistan the last while myself and am currently in SEY hoping they have some good news in next week or two as I want to invest into RKH and DES who are full steam ahead in the Falklands at the moment.

Keep us updated on your progress anyway!

turbobaby

SMDR now trading at 242.9p

On the up!

Speculator

turbobaby wrote: »

SMDR now trading at 242.9p

On the up!

So far so good, expecting good news shortly!

Mr Cawley

smdr 251.70 well done

turbobaby

Broke 260p today!

At what price do you plan to sell, or are you going at least wait until the results of the spud come out?

Will be v interested to see who's the next in line for this marvelous challenge!

turbobaby

Broke 270p today!

Speculator

turbobaby wrote: »

Broke 260p today!

At what price do you plan to sell, or are you going at least wait until the results of the spud come out?

Will be v interested to see who's the next in line for this marvelous challenge!

Hi Trubobaby,

Going to hold on to SMDR for another few months. I have done a lot of research with the other oil companies and none of them offer the same potential.

Speculator

Gain on Salamander 12.63%. The over all gain on the initial investment of 2k is 38.5% (2,788.07)

Its not 100% but I can live with it

Happy Christmas investors!

arrowloopboy

Have a look at Falkland oil and gas FOGL ,their drilling in the Falkland basin,where Rockhopper hit pay dirt in the summer,and was a 10 bagger as a result.
Their first well was dissapointing but theirs alot more in the pipeline for this summer.