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.
Helios (HE8) was a company that I recommended back on the 8th December 2017 as one of my preferred plays for 2018 and one that was one of my largest holdings to reflect the unique position it presented. The stock was trading around the 6c mark at the time and as I write this column the share price is hovering around the same levels. Not the best return so far but for the patient could be very well rewarded shortly.