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Weekly Ramblings of an Australian Stock Trader - incorporating
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Kris Sayce’s Money Weekend Market Digest: 26 January 2013.

Kris Sayce’s Money Weekend Market Digest: 26 January 2013


According to the Sydney Morning Herald:

‘Linc Energy has released estimates its shale resource in South Australia is up to 223 billion barrels of oil equivalent, sending its shares up more than 10 per cent in morning trade.’

It has been a good six months for Linc Energy [ASX: LNC] investors. The share price has gone from 55 cents to $2.70 this week. Linc Energy was an Australian Small-Cap Investigator stock tip in 2007. We tipped it at 65 cents, and at the peak it hit $5.

The shale boom worldwide is huge. Oil giant BP even says it will lead to the US becoming a net exporter of energy by 2030. That’s a big deal for the US, which has relied on Middle East oil for the past 40 years. [Read more →]

January 26, 2013   Comments Off