Shares digital

Oil & gas firms Portland Gas (PTG:AIM) and Egdon Resources (EDR:AIM) have enjoyed contrasting fortunes since their de-merger at the beginning of the year.

The shares of Portland have soared by almost 50%. Its application for a £500 million gas storage project in South Dorset has already passed the first stage of the planning process.

By contrast, Egdon’s shares, which reached 29.5p in early February, slithered to 20.5p after the firm revealed it has encountered a dry hole on its Grenade heavy oil onshore project in France.

Shares says: There is more excitement on offer in Portland than Egdon.

BUY Portland Gas

HOLD Egdon Resources

by: Tom Sieber