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Originally Posted by mrex
May or may not want to check out these stocks. I bought AOI.V (Africa oil corp.)couple of months ago @ 1.90 a share closed Friday @ 9.69. They have just started drilling in that part of the world. May be to late to get in on that one but there is several others you can research. Far limited, Pancontinal oil & gas (PCL.AX), Hrn.v
These are all oil companys that own the rights to drill in east africa. They pretty much have to team up with a major to actually drill.
The only one that has rigs drilling right now is Africa Oil when the rigs moved in stock shot up like a rocket. Pancontinental owns the offshore rights and has teamed up with Apache oil they have a drill ship moving in next month. May or may not pay off They are all foreign stock exchange but stock is cheap enough now that any movement at all is a very good thing. Either make some money or lose it  |
I bought a good bit of Apache Stock at 88 and it was up to 112-115 but now with this bad Market down to 81..
Apache is a stong stong stock and will climb back up in the mid 120s soon ...
I will check out that AOI.V stock monday