But first, there’s a buzz around here in the office.
It’s been a long time coming… but Tom Bulford just released his new oil report.
‘The Abandoned Oil Bonanza: How you could profit from the oil industry’s biggest blind spot!’
It’s an intriguing name, isn’t it? And if you're a regular reader of Tom’s premium tipping service, you already know the story. Perhaps you already own the shares.
Just recently Tom spent a long time going over his original research. He tells me he does this regularly for all his ideas. It’s an old habit from his City days and one we’d all do well to follow. Always test your buying decision regularly…
Why Tom thinks this story is better than ever
Tom's point is that just because you like a share when you buy it… it’s just as important to check you still like it a few months down the line. And then regularly thereafter. If ever you feel the picture has changed, if you no longer think the investment case stacks up… sell those shares and move on.
Tom first revealed this stock idea to his tight-knit group of small cap enthusiasts in October. He writes a monthly stock market letter called Red Hot Penny Shares. There he spills the beans on his most lucrative investment ideas.
Now, four months on, Tom tested his buying decision on this ‘Abandoned Oil’ story. And the great news is that he likes his idea better than ever. That’s why he’s just released it to new readers. It’s now the very first tip they receive when they join his inner circle of investors.
And this is why there’s such a buzz here in the office today. The response from readers has been immense.
As he always does when he releases a new report, Tom checks up on how many people sign-up for it. Even though he’s away travelling this week, he keeps track. He called me earlier to say how thrilled he was that so many new readers had viewed his ‘most important report so far this year.’
This is how Tom describes this idea: ‘It’s got exactly what it takes to be a great penny share success story. The dogged determination of a veteran oil hunter… the piecing together of a billion dollar ‘treasure map’ fragment by fragment… the breakthrough allowed by the appliance of cutting edge technology… the very real possibility of an 11 billion barrel untapped oil discovery.’
I’ll vouch for that. If you want to read an investment story that really fires the imagination, read this one. The fact that Tom believes the tiny little share behind it could shoot up 2,044% if it strikes oil in just one of its 22 potential wells might be an added incentive.
You simply have to see Tom’s report to understand the true scale of this opportunity. You can access it right here now:
Get your hands on this ‘abandoned oil’
Red Hot Penny Shares is a regulated product issued by Fleet Street Publications ltd. Forecasts are not a reliable indicator of future results. Commissions, fees and other charges can reduce returns from investments. Your capital is at risk when you invest in shares, never risk more than you can afford to lose. Penny shares can be relatively illiquid and hard to trade. There can be a large bid/offer spread so if you need to sell soon after you’ve bought, you might get less back than you paid. This can make them riskier than other investments. Please seek advice if necessary. 0207 633 3600.
Why there's more trouble ahead in Euroland
Last week the markets were again dominated by the Greek debt crisis. Investors ummed and urred about whether Eurozone leaders would be able to organise a credible rescue.
In the event, all Greece was offered were words of support. No financial assistance. But the markets have stabilised.
Why?
Well, the Greek government pledged to put in place strict austerity measures. Top Eurozone authorities have given Greece 30 days to show it can get its house in order. That has left markets in a state of limbo.
This was enough to make our macroecominc trader chap, John Lewis, take profits on his highly successful short EUR/JPY trade (he was betting on the euro falling against the Japanese yen). He sent me this note:
“The move seems to have run out of momentum as Euro zone leaders continue to seek a way of resolving the Greek debt problem.
“I think the market could correct higher short term. If that does happen I will want to re-establish the trade, since I still think the Euro could weaken further. But more bad news is probably needed to force the market lower.”
That was a tidy trade John pulled there. 340 profit points (pips for any forex junkies out there!) in just about three weeks. More of those please John…
I asked John if he thought the Eurozone crisis was over. The answer was a straight ‘No’.
“The German government refused to offer Greece any financial assistance at all. Moreover, a German government official, not wanting to be named, went so far as to say Greece should be ejected from the Euro zone.
The bottom line is that Greece has 30 days to convince Eurozone leaders it’s doing enough to bring down the budget deficit and control debt. If it fails, traders will likely begin selling the Euro again. The countdown has begun.
Even if Greece was ejected from the single currency, which is unlikely, that too would be a disaster. As John Lewis explained, if that happened, “speculators would see a route to picking off other weak economies within the Euro zone.”
Prognosis for the euro? Very bad. Look for good opportunities to sell into major rallies. I know that’s what John Lewis will be doing.
Good investing,
Frank Hemsley
For The Right Side
Editor’s note: Make sure you read Tom Bulford’s Abandoned Oil report. Tom is editor of Red Hot Penny Shares, the UK’s leading penny share investment advisory newsletter.
Please take three minutes to read Tom’s new report. You’ll see what all the suss is about. You can jump straight to Tom’s report by clicking here.
Your capital is at risk when you invest in shares; never risk more than you can afford to lose. Please seek independent financial advice if necessary. Fleet Street Publications Ltd. 0207 633 3600.
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