Quote:
Originally Posted by Nicky
Right now I'm putting a good deal into these 3 oil companies on the canadian stock exchange. Africa Oil, Simba Energy and Horn Petroleum.
Get in on the action if you have some high-risk money to spare.
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The time to put money into Africa Oil as a spec investment has past. However you're onto the right track. If you want a highly risky but profitable investment it's hard to go past spec oilers on a big drill. Basically, wait until they are almost at their target and put a CFD on with a tight stop loss. Depending on the leverage involved you can do very well, for eg, a 20c share might go to 60c on an oil find, you put $1000 on at 7:1 leverage with a 10% stop and if they hit oil your $7k turns into $21k leaving you with $15k off a $1k position.