Selan is the best in oil exploration stocks: Amit Goel

Amit Goel, Director, PACE Stock Broking Services in an interview with ET Now talks about oil exploration stocks.

Do you track any of the oil exploration stocks, they have been very active, HOEC, Selan Exploration, a couple of others as well, you like any of the stories?

Actually Selan out of all the oil exploration stocks is looking the best and it is partly linked to crude oil which has been moving up in the last couple of months. So obviously oil exploration activity increases when the crude oil prices go up and most of these stocks have been underperformers till a couple of months back, particularly if you look at Selan, it has started moving only recently.

Otherwise, even when crude oil was moving by $5 or $10 from its lowest levels in last 2-3 months, it actually did not move but now it has started moving and fundamentally speaking, Selan is probably looking like the best candidate out of all these stocks.