Rout

As the oil price crash a few years ago demonstrated, the volatility of black gold can have a devastating impact on smaller companies. They require high levels of capital investment for exploration and to bring their undeveloped assets into production, as well as ongoing maintenance expenditure on any producing assets they have. When the oil price is high, they may be profitable and have eager lenders willing to fund them. When the oil price crashes, profits can quickly turn to losses and high levels of debt can become a huge problem, if lenders decide not to continue their support.

This is what happened to UK onshore developer and producer Igas. It only survived the oil price rout with a financial restructuring that left its existing shareholders owning a small fraction of the business. At the same time, it provided new investors with an opportunity to buy into the company as a recovery play. With a repaired balance sheet and a rising oil price, Igas has made good progress, as today’s results show.

Recovery

The company reported a 26% increase in revenue for the first half of the year against the same period last year, and a rise in net cash generated from operating activities to £6m from £0.4m. Management reiterated its production and operating expenditure guidance for the full year. This underpins a two-analyst consensus forecast of £44.5m revenue and 6.15p earnings per share (EPS).

At a share price of 103.5p (5.6% up on the day), Igas’s market capitalisation is £126m. Its current-year forecast price-to-earnings ratio (P/E) is 16.8 and this falls to 13.7 next year on a consensus forecast of a 23% increase in EPS to 7.55p. While Igas isn’t a stock, I’d want to hold through the ups and downs of the oil price cycle, I think that in the current up-leg, there’s still plenty of upside for the company. As such, I continue to rate the stock a ‘buy’ at this stage.

Shell for sure

There are very few oil and gas stocks that I’d buy and hold for the long term. Shell is an exception and I rate it a ‘buy’ today after the decline in the share price to around 2,500p. There are only a few things you really need to know about Shell, in my view.

It’s market cap is over £200bn, making it the biggest company in the FTSE 100. Lenders can’t afford not to support it through the tougher times, unlike many smaller companies in the industry. There’s infinitely less risk for investors in Shell of having their capital entirely wiped out. And the behemoth’s resilience is evidenced by the fact that it continued to pay generous dividends throughout the period of the recent oil price collapse. In fact, it’s never cut its dividend since World War II.

The stock sports a current-year forecast P/E of 11.8, falling to 10.2 next year on City expectations of 16% earnings growth. With it also offering a running dividend yield of 5.8%, I see good value here at the present time.

The post Are you tempted by the 12% fall in the Shell share price? Here’s what you need to know appeared first on The Twelfth Magpie.

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G A Chester has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Looking forward, could further falls be ahead for the company? Or does it offer significant turnaround potential following its operational update released on Friday?

Improving performance

The company’s performance in the 2017 financial year was generally encouraging. Its net production averaged 2,335 boepd (barrels of oil equivalent per day) for the year. Operating costs for the year were around $28.50 per barrel of oil. It expects to deliver net production of between 2,300 and 2,400 boepd in 2018.

During 2017, the company’s 2P (proved plus probable) reserves replacement was over 100%. Its cash balance at the end of the year was £15.8m, while it had net debt of £6.1m. This shows that it appears to have sufficient financial resources to implement its current strategy. And with the price of oil having risen significantly, it is generating free cash flow in its conventional business. This could mean it is better placed to deliver on potential additional projects with attractive prospects.

Looking ahead, the current year could be an eventful one for IGAS Energy. Its drilling programme is set to continue, with there being the potential for positive news flow on this front. Furthermore, with the supply surplus of oil not expected to return in 2018, the prospects for the wider oil and gas industry appear to be improving. As such, the company’s stock price could enjoy a relatively prosperous 12 months.

High growth potential

Also offering upside potential within the oil and gas sector is Nostrum (LSE: NOG). The Kazakhstan-focused explorer and producer has also experienced a challenging period, with its bottom line moving into the red in 2016. However, it is expected to return to profit in the 2017 financial year. Following an expected £1m pre-tax profit in 2017, its profit is forecast to rise to as much as £94m in 2019. This could prompt a significant improvement in investor sentiment.

Since the stock currently trades on a forward price-to-earnings (P/E) ratio of just 6.2, it appears to offer a wide margin of safety. This suggests that there could be a high level of capital return potential on offer, and may mean that the stock is able to post a recovery following its 35% share price decline over the last year.

Certainly, if the oil price experiences a disappointing period then this could cause Nostrum’s forecasts to be downgraded. But with such a wide margin of safety, the company appears to have an attractive risk/reward ratio for the long term.

The post Is IGAS Energy plc’s 55% share price slump set to continue in 2018? appeared first on The Twelfth Magpie.

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• Will SpaceX, Nvidia, or Alphabet be the first $10trn stock?
• Up 95%! This FTSE 100 stock’s outperformed Nvidia over the past year
• With a 9.3% yield, is this an amazing opportunity to consider buying dirt-cheap Taylor Wimpey shares?
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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Clearly, this could be little more than a ‘dead cat bounce’. This is where a share price temporarily rises after a large fall as investors look to cover their short positions. As such, over the medium term, the company’s valuation may continue its decline. However, could it also be the start of an improved performance which sees the business continue to recover towards its 2017 high.

Mixed performance

According to the company’s most recent results, it is making some progress with its strategy. The producer of hydrocarbons in onshore Britain has been able to complete its capital restructuring and fundraising. This was crucial for the business as it reduced net debt from £100m at the end of December 2016 to £7m at 30 June this year. This debt reduction should create a less risky business which is well-funded for its immediate operations, with a cash position of £16.3m and positive cash flow providing further evidence of this.

While revenue increased from £12.1m to £16.8m in the first half of the year, maintenance issues mean that production for the full year is expected to be 2,250 barrels of oil per day (bopd). Meanwhile, operating costs have risen by $1 per barrel to $28.50. At a time when oil prices remain at a relatively low ebb and many of its peers have been able to cut operating expenses significantly, this does not suggest the company is performing relatively well in that respect.

Outlook

In addition, the huge potential for shale activity in the UK is moving along at a relatively slow pace. Despite this, IGAS has stated that momentum in the industry is continuing to increase. For example, it is focused on developing its sites in Nottinghamshire. It is also seeking to advance activities at its site in Ellesmere Port, as well as across its acreage in the North West and East Midlands.

However, with there being a number of stocks in the oil and gas industry which offer greater size, scale and profitability at the present time, there may be better options available elsewhere for long-term investors.

Certainly, the company’s 20% surge on Monday could be the start of a period of sustained capital growth. However, equally it could prove to be a dead cat bounce. In the long run, with the price of oil and the prospects for the wider oil and gas industry being uncertain, it may be prudent to buy stocks with diverse asset bases, low operating costs and improving profitability. Such companies may offer the most compelling risk/reward opportunities for the long run.

The post Are IGAS Energy plc shares seeing a ‘dead cat bounce’? appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Notably, the additional resources being invested in GTR to support service delivery are depressing margins on that contract in the current year, with them set to impact next year’s margins too. Although Go-Ahead expects margins to improve in the long run, it no longer expects to recover the profit shortfalls and therefore margins are due to be 1.5% over the life of the contract, rather than the 3% that was previously expected.

Looking ahead, Go-Ahead is forecast to increase its bottom line by 18% in the next financial year, which would represent an excellent overall result. And with its shares trading on a price-to-earnings growth (PEG) ratio of 0.7, they seem to offer a highly appealing risk/reward ratio so that while further share price falls can’t be ruled out in the short run, longer term, Go-Ahead looks set to deliver strong share price gains.

Upside on offer

Also reporting today was Telecom Plus (LSE: TEP), with the multi-utility provider recording in-line performance for the year to 31 March. Sales increased by 2.1% versus the prior year, while adjusted earnings growth of 7% allowed the company to raise dividends by 15%. This puts Telecom Plus on a dividend yield of 4.7% and with dividends being covered over 1.2 times by profit, further growth could be on the cards over the medium term.

Looking ahead, Telecom Plus is forecast to increase its bottom line by 7% in the current year and by a further 12% next year. Given the challenging trading conditions within the domestic energy market, this would represent an encouraging result. And with Telecom Plus trading on a price-to-earnings growth (PEG) ratio of just 1.3, there seems to be considerable upside on offer over the medium-to-long term.

Furthermore, with the bundling of utilities becoming increasingly popular among consumers, Telecom Plus could become a bigger player within the utilities space and therefore has strong long-term growth appeal.

Take a closer look?

Meanwhile, shares in IGAS (LSE: IGAS) have fallen by 8% today after it released an update that stated it’s seeking to strengthen its capital position through discussions with bondholders and potential investors. For example, it has been discussing the possibility of extending the maturity of its debt, deferring certain interest payments and obtaining the waiver of some financial covenants on the basis that further finance comes into the business.

Furthermore, IGAS is also evaluating options for cash and earnings accretive transactions including farm-outs and other asset portfolio management opportunities. The goal is to achieve a capital structure that’s sustainable given the uncertain outlook for the oil and gas sector. And with IGAS now having operating costs of $30 per barrel of oil equivalent (boe) and cash of £23.6m, as well as one of the largest net shale acreage positions in the UK, it may be worth a closer look for less risk-averse investors.

The post Do today’s updates make IGAS Energy plc, Telecom Plus plc and Go-Ahead Group plc ‘screaming buys’? appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Clearly, this is disappointing news for the company’s investors and in the short run, investor sentiment could weaken yet further. And with the company’s outlook being rather challenging, it would be unsurprising if there were additional falls in its share price.

Of course, Judges Scientific remains a high quality business with a bright long-term future. As such, now could be a good time for long-term investors to buy it at a discount to its intrinsic value, although further volatility in its share price seems likely in the short run.

Sweett spot

While Judges Scientific has fallen heavily today, shares in Sweett Group (LSE: CSG) have soared by around 50% after it reached an agreement on a £24m cash offer for the company. The acquiring company is Canadian engineering consultant WSP and the offer price of 35p per share represents a 52% premium to the closing price of 23p on 24 May and a 74% premium to Sweett Group’s average price of 20p during the last six months.

Although the offer may seem to be a good one due to the premium over Sweett’s share price, it values Sweett on a price-to-earnings (P/E) ratio of just 8.1. And with bottom line growth of 15% forecast in the next financial year, the outlook for the company’s share price was relatively positive. As such, and while Sweett’s investors may now be sitting on significant profits, there could have been greater profits in the long run if it wasn’t the subject of a bid approach.

Meanwhile, shares in IGAS Energy (LSE: IGAS) have risen by over 10% today after it released an upbeat AGM statement. Encouragingly, production remains stable, with guidance for the full year still being in the range of 2,500 and 2,700 barrels of oil equivalent per day (boepd). And due to expected operating costs of $30 per barrel, IGAS seems to be in a relatively strong position with oil trading at just below $50 per barrel.

In addition, progress continues against the company’s five year shale development plan and it expects to spud two carried wells in the first half of 2017. And with IGAS having £22.5m in cash, it appears to have a relatively sound balance sheet through which to invest for its long-term future. As such, and while there’s still a large degree of uncertainty surrounding the wider resources sector, IGAS could be of interest to less risk-averse investors.

The post Why are Judges Scientific plc, IGAS Energy plc and Sweett Group plc today’s major movers? appeared first on The Twelfth Magpie.

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Peter Stephens owns shares of Judges Scientific. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Both of these issues have been prompted by a lower oil price, with IGAS’s average realised price falling from $94 per barrel to $58.9 per barrel, while impairments of £1.6m in the first nine months of the previous financial year increased to £48.1m in the current financial year.

In response, IGAS has reduced operating costs by 25% and has sought to strengthen its balance sheet through the farm-out to INEOS. It’s also expecting to spend only £6.9m on capital expenditure this year as it seeks to improve its cash flow at a time when the prospects for the oil price remain somewhat uncertain.

Although IGAS appears to be adopting a sound strategy through which to overcome its present difficulties, it may be best to watch rather than buy the stock. It may have a price-to-book (P/B) ratio of just 0.5, but there seems to be scope for further writedowns ahead that could hurt investor sentiment over the short-to-medium term.

Shares on fire

Also reporting today within the resources space was Firestone Diamonds (LSE: FDI). Its shares have risen by 14% as it stated it’s fully funded until its flagship mine in Lesotho commences production in the fourth quarter of the year. In fact, as at the end of 2015, the Liqhobong diamond mine was 61% complete and remains within its budget. So, while Firestone recorded a slightly wider loss in the first half of the current financial year ($4.6m versus $4.4m from the previous year), the market seems to be optimistic regarding its future prospects.

Clearly, Firestone is highly dependent upon the price of diamonds and it therefore could be viewed as a relatively risky play. However, with it having relatively sound finances and the potential to deliver improved financial performance over the medium term, investor sentiment could pick up and push its share price higher. As such, for less risk-averse investors, Firestone Diamonds could be worth a closer look.

Ups and downs

Meanwhile, Rio Tinto (LSE: RIO) continues to be a highly volatile stock, with its shares having been up by as much as 13% and down by just over 20% from their 2016 opening price. This level of volatility looks set to continue since the market is extremely sensitive towards changes in the price of iron ore, with the commodity making up the majority of Rio Tinto’s profitability.

With Rio Tinto having adopted a sound strategy in response to the low iron ore price, which includes cutting costs, reducing capital expenditure and mothballing major projects, it appears to be well-positioned to survive the current challenges which the industry faces. And while its recent decision to cut dividends is disappointing in the short run, it should allow the business to become even stronger and to emerge from the present difficulties in a better position relative to its peers. As a result, Rio Tinto continues to be a top mining major for the long haul.

The post Should You Buy Rio Tinto plc, IGAS Energy PLC & Firestone Diamonds PLC? appeared first on The Twelfth Magpie.

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However, buying now could prove to be a sound, albeit risky, move. Certainly, in the short run there is the potential for further share price falls, but in the coming years a number of resource-focused stocks could prove to be among the best performing shares in the index.

One oil stock with huge potential is Tullow Oil (LSE: TLW). It has shifted its focus away from exploration and towards increasing production from existing assets. This appears to be a sensible move that should aid the company’s financial position at a time when a number of investors are casting a close eye over the sector’s financial standing.

And with increased production likely to mean improved cash flow, Tullow could begin to increase dividends at a rapid rate – especially since it is due to pay out just 7% of this year’s profit as a dividend. Moreover, rising dividends could provide the market with a degree of confidence in the company’s long term outlook, since it is an indicator of management’s belief in Tullow’s future. With dividends expected to rise by 57% this year, Tullow could begin to gain favour among the investment community.

Meanwhile, Amec Foster Wheeler (LSE: AMFW) also has huge appeal, with its shares trading on a price to earnings (P/E) ratio of just 6.2. A key reason for their valuation being so low is disappointing financial performance, with Amec’s bottom line having fallen by 8% in 2014 and by an expected 27% in 2015. Both of these figures indicate that further declines in net profit are a very realistic threat, although Amec’s bottom line is due to flat line in 2016.

Looking ahead, Amec expects the current challenging market conditions to continue, although due to its strong pipeline and low-risk multi-market model it appears to be well-positioned to ride out the present difficulties in the resources space. With Amec’s share price having fallen by 55% in the last year, it appears to be a strong buy for long-term, less risk-averse investors.

Also falling heavily in recent months has been shale gas company IGAS (LSE: IGAS). Its shares are down by a further 10% today and this means that they have fallen by 41% in the last six months alone, even though the company recently increased its acreage by around 25%.

Of course, IGAS reported a widening of its losses at the interim results stage and, while this was disappointing, it included asset and goodwill impairments. And while there could be further such charges, the underlying performance of the business was better than appeared to be the case at first glance.

However, with a number of other oil and gas companies offering a black bottom line and future growth potential, IGAs does not appear to be a strong buy right now. And with concerns still being present regarding its financial outlook, there appear to be better options elsewhere.

The post Is Now The Perfect Time To Buy Tullow Oil plc, Amec Foster Wheeler PLC And IGAS Energy PLC? appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has recommended Tullow Oil. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Of course, there are major risks involved in buying shares in companies which have relatively downbeat near term prospects. Investor sentiment could worsen in the coming months – especially since there is no sign of a sustained rise in commodity prices being just around the corner.

And, even if commodity prices do rise, the current downturn could have permanently shifted the market’s view on the energy sector. In other words, even if oil rises to over $75 per barrel, valuations may take time to recover as investors price in a potential return to a lower oil price environment further down the line.

Within this context, a number of oil and gas companies are struggling in both a financial sense and also with regard to their share prices. For example, Gulf Keystone Petroleum (LSE: GKP) has delivered a fall in its valuation of 75% in the last year and has struggled to convince the market that its cash flow is sufficient to survive further difficulties in the long run.

This situation, though, could be about to improve since Gulf Keystone Petroleum has received three consecutive payments for oil exports from the Kurdistan Regional Government (KRG). This is significant and should help to alleviate the company’s cash flow headache, while optimism for further payments in 2016 is now much stronger. And, with Gulf Keystone having an excellent asset base which could deliver a significant amount of profitability in the long run, it clearly has huge potential.

The problem, though, is the significant risk posed by political instability within the Iraq/Kurdistan region. This, plus a low oil price and liquidity risk resulting from slow (or non) payment for oil exports next year, mean that Gulf Keystone is a stock to watch rather than buy at the present time.

Also enduring a very challenging period is IGAS Energy (LSE: IGAS). It recently reported a loss-making first half of the year, with impairments and goodwill charges having a hugely negative impact on its financial performance. And, with revenue halving versus the first half of the prior year mainly as a result of the lower oil price, IGAS has been forced to cut costs in an effort to boost its financial outlook.

In fact, IGAS has now completed its cost-cutting programme and has reduced its cost per barrel by 19% to $31. This should allow it to post improving profitability over the medium term, with IGAS expected to report a pretax profit of £3m next year. This would represent a major improvement on last year’s £18m loss, although further impairments and goodwill charges could still place and push IGAS’s bottom line into the red.

While IGAS has a large amount of potential and now trades on a price to book value (P/B) ratio of just 0.4, in the short term its shares could come under further pressure due to a challenging near-term financial outlook. As such, it appears to be a stock for the watch list rather than a company to pile into at the present time.

The post Are Gulf Keystone Petroleum Limited & IGAS Energy PLC Set To Double Or Halve? appeared first on The Twelfth Magpie.

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• With a 9.3% yield, is this an amazing opportunity to consider buying dirt-cheap Taylor Wimpey shares?
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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

However, investing in the sector now could also prove to be a sound long term move – even if, in the short run, it leads to major disappointment. That’s because the valuations on offer within the industry are exceptionally low and, in some cases, equate to a sizeable margin of safety.

For example, Randgold Resources (LSE: RRS) trades on a price to earnings growth (PEG) ratio of just 1.2, which indicates that its shares are a strong buy at the present time. Clearly, in the short run the company’s share price fall of 15% in the last six months may continue since Randgold is forecast to post a fall in its bottom line of 20% in the current year. However, investor sentiment could pick up over the medium term, since a rise in earnings of 22% is pencilled in for next year, which has the potential to lift the company’s share price.

Clearly, the price of gold has hurt Randgold’s profitability, with it falling to a five-year low earlier this year. However, with the economic and political outlook for the world being relatively uncertain, gold may become increasingly popular as a store of wealth and this may have a positive impact on Randgold’s financial performance.

Also having a bottom line which is under pressure is BHP Billiton (LSE: BLT). Its earnings are due to fall by 54% in the current year and this could have a negative impact on the company’s share price in the short run. That’s especially the case since even after BHP’s shares have fallen by 45% in the last year they still trade on a forward price to earnings (P/E) ratio of 23.6.

In the long run, though, BHP has huge growth potential. That’s because it is in the process of reorganising its business so as to concentrate on generating efficiencies and lowering its cost curve. And, at a time when many of its sector peers are enduring severe financial difficulties, BHP’s relatively strong balance sheet is likely to mean that it not only emerges from the current commodity crisis, but does so in a stronger position relative to its peers. As such, it appears to be a sound long term buy.

Meanwhile, IGAS (LSE: IGAS) has today released a disappointing set of results, with the onshore gas company moving into a loss-making position in the first half of the year. The reason for this is a declining oil price which contributed to impairment charges of £10.1m, write-offs of £5.1m and goodwill charges of £14.5m. As such, IGAS’s pretax loss totalled over £30m.

Looking ahead, more challenges could be on the horizon since the price of oil may fall further. However, with IGAS now having completed its cost reduction programme, it appears to be in better shape since its unit cost has fallen from $38 per barrel to $31 per barrel. And, with IGAS trading on a PEG ratio of just 0.1 as it is forecast to move back into profitability next year, it could prove to be a profitable, albeit very risky, purchase at the present time.

The post Are BHP Billiton plc, Randgold Resources Limited & IGAS Energy PLC Set To Soar? appeared first on The Twelfth Magpie.

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Peter Stephens owns shares of BHP Billiton. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Meeting expectations

In the case of Infinis, its shares have risen by over 5% after it reported a strong first quarter of the year. For example, Infinis generated 586 gigawatt hours of power in the first quarter of the year, which is up from 572 gigawatt hours in the first quarter of the previous year. Furthermore, Infinis has been able to meet market expectations thus far for pricing and costs, which is encouraging news for its investors.

However, challenges could lie ahead for Infinis. For example, the government subsidies for renewable projects are due to change and the company is facing some uncertainty as it attempts to complete onshore wind projects in time to receive them.

Fast-track fracking

Meanwhile, IGAS’s shares have risen by over 8% today as the company received a boost from the UK government’s comments regarding the future of fracking. In fact, fracking will now be considered a national priority and, as a result, applications to engage in fracking will be fast-tracked so as to avoid the lengthy delays by local councils that have become a feature of the industry in recent years.

Looking ahead, IGAS appears to be on the right side of government policy. That’s because the Conservative majority government appears to be keen to embrace fracking because of the additional employment opportunities and tax benefits that it could bring. That’s especially the case since it appears likely that investment in the relatively uncompetitive North Sea oil and gas sector may decline over the medium to long term, as energy companies continue to cut back on capital expenditure and investment.

Under pressure

Infinis Energy, though, could struggle in the short run as the government is scrapping the exemption to the climate change levy and, partly as a result of this, the company’s bottom line is due to come under pressure in the next couple of years. For example, earnings are forecast to decline by 12% this year and by a further 3% next year.

This puts the company’s dividend under additional pressure, with shareholder payouts being roughly the same as net profit. As a result, it would be of little surprise for Infinis to cut its dividend over the medium to long term, although it is likely to remain a top income stock due to its present yield being a whopping 7.1%.

Preferred option

Looking ahead, IGAS has strong growth prospects. Its earnings per share are set to rise to 1.7p next year, which puts it on a forward price to earnings (P/E) ratio of 17.2. While this is higher than Infinis’ forward P/E ratio of 13.6, IGAS appears to have brighter prospects than its renewable peer and, with the government’s proposed opening up of shale resources in the UK, it stands to benefit to a significant extent from a more favourable operating environment.

So while both stocks appear to be worth buying, IGAS seems to be the preferred option at the present time.

The post Infinis Energy PLC Vs IGAS Energy PLC: Which Energy Stock Should You Buy? appeared first on The Twelfth Magpie.

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• With a 9.3% yield, is this an amazing opportunity to consider buying dirt-cheap Taylor Wimpey shares?
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Peter Stephens has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.