Junior oils are stocks in smaller companies that explore for, develop and produce oil. Junior oils can be particularly risky and should only be held by aggressive investors. Most have dropped considerably along with falling oil and gas prices—but the best have the potential to rebound.
Two examples are Delphi Energy (symbol DEE on Toronto), and Bellatrix Exploration (symbol BXE on Toronto.)
The best junior oils are embracing new technologies. This includes multi-well pad drilling (or “octopus” drilling). Here’s how the technology works: oil exploration companies—including junior oils—set up a well pad and then install a multi-well rig. The drill from that rig then literally “crawls” on hydraulic tentacles to numerous drill locations within its range.
We continue to advise against overindulging in junior oils. That’s because the Resource sector (including oil) is highly volatile, and no one can accurately predict future prices. Junior oil companies are also subject to various environmental regulations and royalties that can eat into their profits.
Investors should also seek out junior oil stocks that have sound balance sheets. This will let them easily borrow money when oil and gas prices rebound. That will let them rapidly increase their production to take advantage of the higher prices.
When investing in junior oils or anything else, you should follow TSI Network and use our three-part Successful Investor strategy:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; the Consumer sector; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
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