2011 Hotlist Results – Week 02

The first week of 2011 got off to a flyer and week 2 hasn’t been too shabby either.

A virtual portfolio has been set up using the 2010 Dec 31st close figures as a starting point and £1000 has been invested in each stock. This does not include buying fees or stamp duty and is purely intended to be used as a benchmark or summary for each week. The B list has also been included for comparisons. I included 2 of the newspapers top ten for 2011 to monitor/compare against.

The virtual portfolio’s use the ‘last trade’ system to calculate the days close.
Building on the Hotlist’s week 01 gain of 7.23%, week 02 ended up at a very sweet 9.59%. The ‘B’ List also did well rising from week 01 2.45% gain to reach 3.53%. The independent and Tempus Times 2011 picks are listed below. Not too bad either. But the 2011 Hotlist leads the bunch for the moment!

Click on the Portfolio image to increase size.

Bowleven – the next Tullow?

Barcap thinks it’s a top pick for 2011…bit late aren’t they!

“Bowleven, the Cameroon-focused oil explorer frequently tipped as “the next Tullow Oil”, rose 1¾p to 387¾p. In a tome on the exploration sector, BarCap named Bowleven as its top pick for this year.” END.

From the Evening Standard – Business

They also upped their target…”BowLeven raised to overweight from equal-weight at BarCap, Target Price upped to 500p from 305p.” END.

Heads Up! Watch CAZA!

Caza (currently 50p) is about to become a hot stock over the next few weeks as they are set to spud their Arran well over the weekend. The numbers based on success is mouthwatering.

MXP holders will be aware of the excitement involved with 4-way closure drills. The higher CoS makes the risk/reward that much more interesting.

I see CAZA a bit like XEL. Similar shares in issue and similar trading patterns. If CAZA gets the wind in their sails and the speculators coming flying in – then the sp could be zipping past 70p+ in the future. XEL moved up fast once they had spudded in early Oct 2010. Worth reviewing the charts below.

I think a pre-TD price of 80p to 90p is possible.

There’s no guarantee that they will succeed but the presentation last night at Proactive Investors certainly left many investors feeling bullish. The drill is expected to take 60 days to TD. Keep your eyes open for a Spud rns on monday.