i know on face value vog have found a great find but you need to look below the surface with mxp to fully understand the assets it holds and the personnel.
basically the top state oil managers have approached max to become involved not the other way around and its the same with the funds, they want bigger and bigger pieces of it.
that said i have top sliced massively in mxp due to the massive fast increase. it is a very good long term play though imho.
as for vog, i top sliced at 140p then bought back at 90p, 102p and yesterday on the dip first thing. again my contacts assured me that the story the funds were being told by vog was very strong indeed. i will hold vog for a long time having been in for well over a year already but if this goes flying again i suspect i may top slice at 210-220p if this is reached too quickly. to be bought back after a correction.
hectorp,
i too am in eme but my major play for 2006 is an old tarnished company that is being turned around under the current management. een is one of those companies that has been overlooked due to past management but they are soon to announce increased production (expected to be 6,000 bopd +). this share really does require research and lots of it, they have tea's, further development and exploration wells to be drilled, along with some newly acquired hot acreage in syria. i recently travelled to london to meet some of the larger private holders and the amount of research on the table was incredible. fwiw, the company is valued at about £120m and should average around 8,000 bopd for next year, giving profit before tax of around £34m.
sorry to be off topic guys but its not a ramp, i am already in with a holding far inexcess of anything i usually put in one stock, and will be there for the long term.
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