Oil Juniors: Is Smaller Better?
Oil juniors play an increasingly important role in global exploration and production. Oil juniors are not weighed down by the pricing risks of refining operations or a gasoline retail network with paper-thin margins. Oil juniors are lean machines, the hired guns of the oil industry with specific drilling expertise in hard-to-reach locales often shunned by the majors. The result is a cadre of exciting stories of investment, growth, and, yes, failure that often precedes success. The following is a list of criteria that we find critical to success among oil juniors.
Experience Is Everything
The most successful oil juniors are often comprised of very experienced management teams. In this industry, there is no substitute ...