March Winners Column: Oil is FINALLY on the boil
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March got off to a rough start, with ASX small caps suffering their worst week since October and the Small Ords Index falling into the red on the year.
But it got better.
US punters received another stimmy cheque in the mail from President Biden. Beleaguered global airline and travel stocks started climbing again as the roll-out of COVID-19 vaccines ramped up worldwide.
(Scomo whiffed on his original timeline, but reckons we’re back on track.)
The nascent global recovery was also a boon to battered oil and gas prices, which got another leg-up when a container ship ran aground in the Suez Canal, causing disruption to global supplies.
Crypto was red hot. Bitcoin hit $US61,000, dropped to ~$US51,000, then climbed to finish the month at ~$US58,000.
Twitter CEO Jack Dorsey’s first tweet—sold for $US2.9m — joined a growing collection of assets that are now (or soon to be) NFTs, including a 10-second video clip of Donald Trump (which sold for US$6.6 million), the next Kings of Leon album, and a US$69.3 million artwork. Ridiculous.
The benchmark ASX 200 index finished the month up 1.76% which means the Aussie market has now climbed for 6 straight months.
Here are the top 50 small caps for the month of March>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
|CODE||COMPANY||MONTHLY RETURN %||SECTOR||PRICE||MARKET CAP|
|88E||88 Energy||667||Energy||0.069||$ 863,989,739.74|
|ONE||Oneview Healthcare||349||Health||0.395||$ 157,126,218.92|
|ASO||Aston Minerals||211||Resources||0.115||$ 100,245,204.34|
|ROG||Red Sky Energy||200||Energy||0.009||$ 41,412,799.77|
|MCX||Mariner Corp||150||Financial||0.09||$ 4,324,789.98|
|KP2||Kore Potash||144||Resources||0.039||$ 10,224,973.75|
|IDT||IDT Australia||141||Health||0.445||$ 106,906,650.48|
|DW8||Digital Wine Ventures||135||Consumer||0.155||$ 257,811,391.97|
|MGT||Magnetite Mines||109||Resources||0.048||$ 137,251,808.02|
|QEM||QEM Limited||105||Resources||0.18||$ 18,000,000.00|
|LEX||Lefroy Exploration||102||Resources||1.26||$ 150,612,132.09|
|APG||Austpac Resources||100||Resources||0.003||$ 9,496,988.87|
|ECT||Env Clean Tech||100||Industrial||0.002||$ 19,202,065.57|
|PCL||Pancontinental Oil||100||Energy||0.003||$ 18,020,146.46|
|PVL||Powerhouse Ventures||94||Financial||0.155||$ 10,016,637.23|
|INV||Investsmart Group||92||Financial||0.175||$ 24,231,818.63|
|IVZ||Invictus Energy||86||Energy||0.16||$ 88,020,336.16|
|ACW||Actinogen Medical||86||Health||0.039||$ 64,761,783.33|
|BRK||Brookside Energy||82||Energy||0.02||$ 33,033,171.86|
|RNU||Renascor Resources||80||Energy||0.11||$ 183,239,081.74|
|YPB||YPB Group||75||Tech||0.0035||$ 17,471,371.81|
|AVR||Anteris Technologies||72||Health||12.24||$ 80,402,895.36|
|G88||Golden Mile Resources||69||Resources||0.083||$ 11,538,521.22|
|VAN||Vango Mining||69||Resources||0.086||$ 88,864,470.89|
|PRL||Province Resources||67||Resources||0.13||$ 114,945,108.85|
|MOC||Mortgage Choice||64||Financial||1.92||$ 239,995,084.80|
|VIA||Viagold Rare Earths||64||Resources||0.082||$ 6,831,617.13|
|RLT||Renergen Limited||62||Energy||2.73||$ 47,206,250.91|
|AVW||Avira Resources||60||Resources||0.008||$ 11,000,320.00|
|ATR||Astron Corp||57||Resources||0.36||$ 44,091,748.08|
|TPD||Talon Petroleum||56||Energy||0.007||$ 38,600,464.18|
|ENX||Enegex Limited||54||Energy||0.091||$ 13,076,873.26|
|ADY||Admiralty Resources||53||Resources||0.023||$ 26,660,098.08|
|TTA||TTA Holdings||52||Financial||0.041||$ 5,634,359.81|
|MAN||Mandrake Resources||52||Resources||0.135||$ 46,335,255.66|
|ARC||Aust Rural Cap||51||Financial||0.265||$ 3,945,366.64|
|BSM||Bass Metals||50||Resources||0.009||$ 36,195,081.62|
|CAE||Cannindah Resources||50||Resources||0.042||$ 13,813,043.20|
|BAS||Bass Oil||50||Energy||0.003||$ 10,026,420.29|
|DTR||Dateline Resources||50||Resources||0.003||$ 26,220,234.23|
|NPM||Newpeak Metals||50||Resources||0.003||$ 17,022,483.89|
|PBX||Pacific Bauxite||50||Resources||0.003||$ 1,189,842.10|
|SAN||Sagalio Energy||48||Energy||0.037||$ 7,572,424.81|
|NAG||Nagambie Resources||47||Resources||0.081||$ 40,494,520.03|
|XAM||Xanadu Mines||47||Resources||0.069||$ 75,337,065.02|
|CLV||Clover Corporation||46||Resources||1.85||$ 306,842,141.88|
|RLG||Roolife Group||46||Consumer||0.035||$ 20,290,483.96|
|ALG||Ardent Leisure Group||46||Consumer||0.925||$ 443,728,064.80|
Oil and gas plays dominated last month’s Top 50.
On March 10, pro investor James Whelan told Stockhead he was excited about energy as a key winner in ‘the great global reopening’.
“If you don’t own Brookside (ASX:BRK) (+82%) right now, then you should probably have a really good look at it,” he said.
“It’s a perfect representation of where I’m investing. Oil prices are going up and gas is going up, and I’m rotating into energy.”
Brookside was joined by #1 mover 88 Energy (ASX:88E) (+667%) in our Top 50, as well as:
QEM (ASX:QEM) (+105%) was one of many ASX exploration plays to ride the hype, announcing plans to study “green hydrogen opportunities” at its Julia Creek vanadium and oil shale project in Queensland.
Joining them in the March top 50 was Province Resources (ASX:PRL), now up 600% since announcing plans to acquire an industrial minerals and green hydrogen project in Feb.
Oneview Health (ASX:ONE) has soared since entering into an investor awareness agreement with StocksDigital, the publisher of nextinvestors.com, wise-owl.com and catalysthunter.com.
Next Investors recommended Oneview on March 12 as its “Technology Pick of the Year for 2021”, emailing subscribers that this was “the most undervalued company we have seen in ages”.
Aston Minerals (ASX:ASO), formerly European Cobalt, changed name and ticker after purchasing the Edleston project in Canada, where +$10.8m had already been spent on drilling and geophysics by previous owners.
Maiden drilling hit visible gold at 362m depth, sending the stock up 211% for the month.
Digital Wine Ventures (ASX:DW8) was up another 135% last month, for a whopping ~1500% gain over the past 12 months.