TAG Oil has been favorably reviewed by analysts and newsletter writers, including Chen Lin. Read on to see why they like this oil company with projects based in Egypt's Western Desert, which anticipates production in Q2 of 2024.
The 2022 to 2023 SASB development drilling program succeeded in six out of six wells, resulting in large volumes of gas reserves being tied into the pipeline for production. There is no reason why future additional wells will not have the same success. Trillium is partnered with the state oil company, and that tells me there is a lot of confidence in the management of this company to execute.
Ron Struthers of Struthers Resource Stock Report last predicted a bottom in oil prices on May 5 because of a morning doji star reversal pattern and oversold conditions. And he shared that he had a repeat of this again late this week.
This week, Arrow Exploration Corp. shared an update on the Rio Cravo Este-6 (RCE-6) well on the Tapir block in the Llanos basin of Colombia. Read to see why analysts are excited about this company's stock.
Ron Struthers of Struthers Resource Stock Report expects the Middle East conflict to widen and eventually propel oil prices much higher. It is also possible that Arab states could deploy an oil embargo. Callon Petroleum is cheap and would be a prime benefactor. With the uncertainty, it is a good idea to take profits in tanker stocks.