To state that Oil has been through some tough sledding in recent sessions would be a colossal understatement. After recently hitting the skids for an unprecedented twelve consecutive sessions, this decline represents a rout never before witnessed.
This Monday has brought big news in the resource sector: Ceylon Graphite (CYL.V) secures DTC eligibility for US shares, Permex Petroleum (OIL.C) earns a high-profile media mention and Nexus Gold (NXS.V) is the subject of a report by a New York consulting firm.
International Frontier (IFR.V), a first-mover in Mexico’s energy reform, is kicking development into a whole new gear on its Tecolutla block.
Permex Petroleum (OIL.CN) has received a fair amount of coverage here at Equity Guru. With the company and its multiple moving parts, it’s a challenge keeping pace with new developments.
In the mining business, “political risk discount” factors in the possibility that a change of government could bugger up a mining project.
If your stack isn’t nearly as fat as you’d like, it’s important to do your homework and put together a shortlist of investment candidates that represent the best possible value.
They’re crappy at blowing their own horn over at International Frontier Resources (IFR.V), so I’m going to do it for them.
Permex Petroleum (OIL.CN): a small cap oil producer with huge capacity, poised for significant growth
Flexibility. The ability to reassess and roll with the punches. The capacity to adapt, to react, to adjust your capital and operating expenditures as the cycle changes. Keeping a lid on debt during periods of uncertainty… these are must-have traits for survival in the volatile oil industry. Financial ruin awaits those less prepared.