Malcolm Graham-Wood joined Nick Batsford and Zak Mir to discuss which companies look best placed to prosper from stabilising oil prices.
Cairn Energy (LON: CNE), Genel Energy (LON: GENL), and Gulf Keystone Petroleum (LON: GKP) look like good buys, says Graham-Wood, as all three companies have promising recent fundamentals. Rockhopper Exploration (LON: RKH) may also see a strong gain in price following a recent discovery and diversification of projects.
Andes Energia (LON: AEN) is one to watch as Argentina enters into elections and a potentially change political landscape. Falkland Oil and Gas (LON: FOGL) has quite promising technicals, but Malcolm warns of incredibly high risks outweighing potential returns and suggests avoiding this company.
His preferred stock in the sector, Graham-Wood also talked about Pantheon Resources (LON: PANR), whose shares may be massively undervalued as they begin testing new wells over the next few weeks. Mir believes the technicals support this, and a break above 26 could see the share price rise as high as 40.