Oil stock goes with the flow

Drillsearch shares have eased off, but higher oil production will boost returns.

Drillsearch Energy (DLS) was a good stock nine weeks ago when I recommended the company as an oil and gas producer that would outperform, and it’s an even better stock today – which is why the outperform tip sticks.

Back on December 4, the Cooper Basin focussed stock closed for the day at $1.29. Last Wednesday it hit a 12-month high of $1.63, causing some investment banks to tell clients it was time to take profits.

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