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Global Energy Development - Applies new technology to bigger contract areas

April 2012

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:
  • GED
  • Price:
  • 115p
The oil industry is in the grip of a growing boom with new technologies fuelling exploration in previously hard to reach areas. New geographies such as West Africa and Columbia are suddenly hot new oil provinces. But it wasn’t always the way. Back in 2004, Columbia, for instance, was almost a dirty word to investors who perceived it as an area with security concerns that was only suited to drug barons. The oil service companies weren’t operating there either, which made it very expensive for anyone to bring in personnel and equipment to drill there. Consequently, many of the majors threw in the towel. One American quoted company that had also seen its own investment in Columbia result in negative connotations for its share pri ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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