4 energy stocks to watch in 2017
With the International Energy Agency (‘IEA’) suggesting that demand for oil could outstrip supply in the next six months if Opec and countries outside the cartel can commit to the suggested lower outputs, the energy sector could offer plenty of recovery opportunities in 2017.
Our Blog assesses 4 small caps on the London market that have seen their share prices tumble over the past few years due to the moribund oil price. These underperformers could be beneficiaries of a marginally more elevated oil price and potentially enjoy some rapid share price recovery in 2017.
Getech (AIM:GTC) is an oil services business which specialises in the provision of exploration data and petroleum systems studies and evaluations. While the shares have staged a modest recovery over the past few months they still remain approximately 60% off highs reached in February 2014. Despite the downturn in the sector, the business has made some interesting acquisitions over the past couple of years with the result that the Group now has a more diversified offering. Results for the year ending 31st July 2016 which were announced in November 2016 reassured that it remains well-placed to weather the current storm.…