Originally Posted by bhutocracy

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.