Two stocks for me - one that did well in 2004 and one that didn't..
Dana Petroleum - currently 420 to buy.
70%ish gain in 2004, as it increased production from the North Sea. Looking for another good increase in 2005, from around 18,500 bopd to 27,000. The higher average oil price will mean greater cashflow and EPS. Its also been swapping some of its exploration acreage for producing assets in the North Sea, with further deals reportedly in the pipeline:
Patagonia Gold
Disappointing 2004 shareprice wise, but fantastic businesswise, as it set about building a platform for future success. Its a gold explorer, predominantly in South America (Argentina & Chile), BUT, the management are former Brancote Boys, who've done it all before. Its a highly speculative punt at 13p to buy (probably be able to get 12.5p), but I'd expect to multibag this by holding for a number of years.
