I am going to highlight Helios Energy (HE8) again, because this is a magnificent story that has only strengthened since I last discussed it on May 3, 2019 Helios – How Good is the Oil? and actually on my count, this is the sixth time I am writing about it since it listed in back in August 2017.
Helios is now embarking on the same path as Aurora Oil and Gas. We know oil exists. The drilling and the seismic work shows that. The question now is how much is there, what type of oil and how easy it is to extract?
At the start of every calendar year, everyone asks anyone what their best picks for the year are. Naturally, “best picks” usually refers to those ideas that will generate the biggest return but little if no attention is given to the volatility or the risk of that idea over the course of the year.