10-Oct-2019: "Otto Energy Limited (OEL) - Reserves upgraded by 16%, GC21 update and FY19 results" update by Wayne Sanderson at Phillip Capital:
Disclosure: I don't hold OEL. My current energy sector exposure is via WPL, SXY & COE, plus a handful of uranium stocks which have to be regarded as being particularly high risk. WPL, SXY & COE are all predominantly gas producers now (rather than oil producers). I am more bullish on gas than oil. I don't see much risk with those three, especially WPL - as long as you have a decent investment horizon - and are not likely to become a forced seller in the meantime. COE is gradually being positively re-rated by the market, and SXY should follow. SXY has the greatest execution risk IMHO, as they're not as far through their turnaround (as COE are). I hold all three in my super and WPL + COE in another portfolio as well. OEL might be worth a look, but I have enough energy sector exposure already, so I'll give them a miss. I also hold TGG (a LIC) which holds BP and Royal Dutch Shell in their portfolio (as top 10 holdings). BP and Shell are two of the 4 largest oil companies on the planet - the other two are Chinese.