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longtomsilver

Circle Oil

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First HPC rule of investing; Don't ask HPC where you should invest! :P

Haha. I know I shouldn't ask really and went ahead anyway. I wouldn't invest in bitcoin/cryptocurrency as it's something that's beyond my comprehension.

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Well you have asked now and I have just been informed from another thread that any post that is slightly off topic is technically trolling. :P So, not wanting to troll around any more, lets get this back on topic! :lol:

http://www.circleoil.net/en

What's the story about this company? Why do you think it is currently undervalued? IF you did buy, how long would you be looking to hold it for? How much would you buy?

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Well you have asked now and I have just been informed from another thread that any post that is slightly off topic is technically trolling. :P So, not wanting to troll around any more, lets get this back on topic! :lol:

http://www.circleoil.net/en

What's the story about this company? Why do you think it is currently undervalued? IF you did buy, how long would you be looking to hold it for? How much would you buy?

BTW, It might not have been clear, with my little trolling rant but I was serious about my questions to you. I am interested in what you see in this company? Is it a pure play on the oil price? I think there may be safer ways to do that if that is the case!

Edited by renting til I die

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Commodity plays are still going through a very long spell of protracted pain right now, and there is a risk of some companies going bust. It's best to wait for the upturn, and hot money will start to flow into the sector. That is the sweet spot, to get in. That's why I watch the CRB index, and I'll look for two year new highs as an indicator.

The market cap is £55m, and so in the scheme of "oillies", this is small. I do read about the pain from investors holding onto a fairly recent speculative play; GKP petroleum - be careful not to join them in the pain!

gkp.png

Edited by 200p

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Commodity plays are still going through a very long spell of protracted pain right now, and there is a risk of some companies going bust. It's best to wait for the upturn, and hot money will start to flow into the sector. That is the sweet spot, to get in. That's why I watch the CRB index, and I'll look for two year new highs as an indicator.

The market cap is £55m, and so in the scheme of "oillies", this is small. I do read about the pain from investors holding onto a fairly recent speculative play; GKP petroleum - be careful not to join them in the pain!

gkp.png

Thanks 200p.

Obviously I'm sitting on a paper loss here of around £175. It's just a diversification/hedge in a much larger portfolio that has performed strongly over the last year or so.

Recently sold half my Sylvania platinum holding which was showing a £2k profit.

20% is currently allocated as cash as I'm hoping to pick up a reasonably sound divi payer on the dips.

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Commodity plays are still going through a very long spell of protracted pain right now, and there is a risk of some companies going bust. It's best to wait for the upturn, and hot money will start to flow into the sector. That is the sweet spot, to get in. That's why I watch the CRB index, and I'll look for two year new highs as an indicator.

The market cap is £55m, and so in the scheme of "oillies", this is small. I do read about the pain from investors holding onto a fairly recent speculative play; GKP petroleum - be careful not to join them in the pain!

See Soma and Afren.

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