Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
North Sea oil is hardly something that I would generally be rushing to put money into at the moment. The collapse in the price of Brent has led to lots of job cuts recently and cutbacks in the development of new assets – some of which are no longer viable at current oil prices. But some companies might be, including possibly Faroe Petroleum (FPM).
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