I'd like to add an oiler to my portfolio.
Looking at either Oilex or Tap.
TAP appears to have regained almost 50% of its SP since 2007 peak.
On the other hand, OEX has recovered less than 20%.
OEX are (from what I've researched) expected to announce (soonish) that some drilling rig has been acquired.
OEX has done quite nicely in the last week, so I'm concerned it's a bit overpriced as of today, before any anticipated news of rig & drilling schedule.
The chart shows OEX was in a downtrend before the GFC hit last year. Is this a worry?
Of these two, which one would you buy into, and why.
Is there a compelling reason not to touch either?
Only want to hold for a few months, at most.
TAP: Black line
OEX: Red line