Nautical heading for £4 test.

Previous heads up on Nautical was given on Dec 21st. Sp was 380p.

Today, the stock has been moving towards the big test barrier at £4. Sp currently 397p. With Varadero drill now very much under way and due to TD around the 6th or 7th Jan, there’s clearly some speculative buyers getting stock in ahead of the results. Varadero is a lower CoS drill than the previous successful Catcher strike made this summer. If they fail to hit the good stuff in Varadero – then they head off back to Catcher area where the CoS is very high indeed. Some have suggested that it’s a ‘banker’ but I would always be cautious as there’s no such thing as ‘dead certs’.

The second drill will follow immediately after Varadero and should give the stock decent support. If Varadero is a success, then it could raise the oip estimates for the entire area which would be very meaningful indeed. Other partners include Premier Oil and Encore Oil. At £4 range NPE looks good value especially when you account for the recent Kraken discovery which is due an update on OIP. Any followers of XEL will know the significance of heavy oil and Kraken is a cracking licence.

Hotlist 2011 – Update

Thanks to all the investors/posters that sent in their candidates for the last two slots on the 2011 hotlist. The list is now closed and pending some minor tweaks will be published on Jan 2nd.

There were some great comments/posts and I’m please to say that the 2 undecided slots have been filled with stocks that were put forward by investors/posters on TheShareHub.

Any guesses which ones! Would be fun to see if you can guess the final two picks.

Commodities set to be hot in 2011

Some very bullish commentators out there citing 2011 as a corker for commodities.

Some I agree with and others I do not. The following link is worth a look. I think oil at $150 is a bit too optimistic but I agree that Silver and Gold will be strong next year. Watch the video (after the 30 sec ad). Also worth noting is Yahoo finance article.

CNBC’s Fast Money: 2010 Good for Commodities, 2011 Even Better? – CNBC

GKP to list on FTSE 250

Yesterday’s news of an opportunistic legal claim completely overshadowed the news of GKP stating they intended to talk to the regulatory authorities about a listing on the FTSE 250 (stated in an interview with FT.com).

The listing would complete the full transformation from undiscovered AIM listed minnow to one of the largest oil companies in Kurdistan.

It just goes to show what can happen in just 18 months with small exploration companies. When the dust settles on the recent legal dispute, I expect investors to start to focus on the merits/benefits of a FTSE250 listing. It really is a milestone that should not be overlooked. Long way to go yet but they seem hopeful of a Q1 admission. That might be pushing it a bit, but a lot depends on how far down the road they are with the regulation talks.

http://www.ft.com/cms/s/0/e8226866-1377-11e0-a367-00144feabdc0.html#ixzz19c3OzzDp

and more on the legal case…