This is a great time to buy oil explorers

This is a great time to invest in penny oil explorers, says Tom Bulford. Oil stocks are benefiting from high oil prices and some are making the kind of discoveries that have eluded the oil majors.

You'd have to be brave to invest in oil explorers right now. Most investors are running scared, and in the rush, many oil stocks have fallen hard.

But this might surprise you I think this is a great time to invest in penny oil explorers.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.