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Not sure who still checks in on RRE but just wondering what the best recovery plays are. I am thinking recovery in oil / gas price plays, so I guess post COVID vaccine. My thoughts were:
- Shell at £12.58 are 50% of what they were pre-COVID. No problem with liquidity either can buy and sell in large quantities.
- JKX or Regal Petroleum (as was) as a European gas price recovery play but this looks a bit risky as Ukraine based I think. Also Nord Stream pipeline a factor.
Any none fossil fuel shouts?
Aviva
LGEN
EVR
Fossil fuel shouts - ECO, PMO, SQZ, BP; obviously the debt is an issue with PMO, but have a look at their production that is coming on stream
Some good shouts there Maverick to look in to. Another on the radar is Vodafone but I need further research.
I've just bought into Shell B. Lots of cash at hand and should weather the storm. They are still down 45% this year. I think I am addicted to trading stocks.....;o))
Just popped it in Lloyds, and Barclays. No rush as I'm not a day trader, low risk and should still see a good return eventually without the volatility of oil. Like most here its been a hard few months. GLA
Trader fatigue. It's nice to take a break from the stress. 2nd wave of COVID looking highly likely this winter, so maybe sit it out and grab some bargains around Jan/Feb next year. The markets are ignoring what is happening in the US, maybe this is QE pumping up the markets.
MTS,
Not sure they are ignoring it, more like running her up ready to take her down, bigger swing bigger profits for them, whilst sucking in newbie traders and investors imo.
You could be right there. Keep your powder dry or short the markets. If you can't beat 'em, join 'em !
Someone is still buying RRE by the looks of it. It aint over 'till fat bird sings....
My top picks would be
IPF for recovery 160p pre covid still managing to do business, recent director buys.
NCYT for a second half of this year and maybe into 2021 if COVID persists
FXPO has a very low PE ratio and is printing money so would be a good growth stock during and post COVID
GGP and EUA would be good miners to have for being taken out by bigger companies due to the worth of their assets and low risk of placings due to current mining contracts in place for funding.
I'm in IPF too and have also now moved into Investec (INVP). I like both of these for strong medium term recoveries. Still looking for others too but struggling at the moment
FXPO is a good shout. Barondaytrader pumping it puts me off a little though. He tends to get everyone excited then sells out on the quiet before the general dump begins.
Take a look at UK based #UJO. In addition to some exciting exploration sites they will be a producer from early Q4. Fully funded as well following last November's raise.
Lots of excitement about the forthcoming EWT at West Newton. Rig should be arriving shortly. For some background see:
http://unionjackoil.com/wp-content/uploads/2019/12/EWT-Update-FINAL.pdf
DYOR etc.