Hello? Read below.. can anyone say PTA??????? see bottom paragraph....This past week I have started to notice a lot of junior oil companies appearing in the top 10 or 20 of my daily filter for the TSXV. Rare Earth (REE) stocks started to show signs of life but oil has been the noticeable emerging theme.
Monday - EM (oil) PAW (ree) TSM (ree) PRD (oil) NFK (oil) QRM (ree) ZEX (oil) GWG (ree)
Tuesday - AOS (oil) RLE (oil service)
Wednesday - minimal oil or ree activity
Thursday - PIE (oil) CRE (ree) ZEX (oil) PTA (oil) BOE (oil) MVN (oil) INA (oil) SOG (oil)
Friday - POE (oil) ZEX (oil) PIE (oil) PTA (oil) NZ (oil) INA (oil) NVS (oil)
Like any junior exploration company, oil stocks are not without risk. However if you can find the better quality producing companies, they can do very well because oil companies tend to produce very significant cashflow.
Through the Ticker Trax newsletter we are following a couple very good junior (producing) oil companies. Of the small handful of oil companies I followed this past year, one was a takeover (Invicta), Manitok Energy Inc. (
TSX: V.MEI,
Stock Forum) $2.61 was a summer 2012 pick near $1.20, and Enterprise Group is a double from Q1/13.
I am actively looking for more opportunities in the oil sector during the remainder of 2013 as I believe this will be a popular theme that provides important diversification away from metals exploration.
This Monday I will be featuring a new 28 cent oil pick to paid Ticker Trax subscribers. This is a company that should generate in excess of $150 million in cashflow (after operating expenses) in 2014. It is a VERY promising microcap.