The big oil companies, such as Shell and BP, are seen as pretty dull investments. They are good sources of dividend income, but are unlikely to give you big capital gains. Those looking to make big money from oil shares prefer to chance their arms with the smaller exploration and-production (E&P) companies.
For these firms, big oil discoveries can result in massive share-price gains – but dry wells (where you drill for oil and come up with nothing but an empty hole) can lead to equally big losses.
This oil stock has been one of the sector’s great success stories for much of the last ten years. It has become [...]
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