I am blaming the snow for the late update this week, just like everyone else!

Just a handful of trades this week;

Firstly I sold Premier oil to raise some funds to buy back into Encore oil. – Both had seemed to have reached a plateau, but Encore has a lot more news in the pipeline. Currently waiting on a weather window… – Just like XEL, the rigs are less than 100 miles apart…

I also sold the remainder of my BP shares this week. I got out the day before the news announcement that the US government were to sue them. – I expected this would hit the SP even though it was expected, and it did! – I will look to get back in if the opportunity arises. I took a nice 16% profit for the website.

I have to admit that I have sold a part of my XEL holdings. I have watched profits dwindle to nothing in the past and I am really keen to protect some of these fantastic gains. – I sold out at about 260p on the RIG contract RNS. – this turned out to be a bit early as typically the XEL board released another RNS yesterday announcing extended funding from Yorkville (same terms as the previous deal). Depending on how long these flow tests take, there may well be another buying opportunity on this before it’s too late!

Portfolio is recovering nicely after a very poor week. Especially Edenville and Berkeley! –  The more I read into both of these companies the more excited I get about them. Loads of potential.

Still disappointed with Avanti, this company are flying along and their SP is dropping. Watch this space – I am convinced that they will not be this price for very long.

Another surprise for me was Supergroup. They have dropped nearly 20% on another really positive RNS. – Great time to buy in? – I opened a spread today at 1307p. – Just gone into profit.

Good luck all.