Gamble of the week: A punt on oil exploration

The shares in this Aim-listed oil explorer are a very risky punt, says Phil Oakley. But the rewards could be huge.

If you fancy a punt on the stock market, there's no shortage of places to put your money. These days you'll find a lot of shares in the oil and gas and mining sectors. Most of these companies are looking for commodities in the hope that they will make them and their investors rich. Some will succeed, but most of them will wither on the vine if history is any guide.

This Aim-listed energy stock could be among the winners. What makes this company interesting is that it is the latest venture of Peter Levine a man who has hit the oil jackpot once before and is hoping to do so again.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.