The UK Oil and Gas PLC stock (UKOG) is among the few stocks listed on the London Stock Exchange that have seen a continuous rise over the past year to date. The UKOG stock has risen by +0.04 (43.50%) year to date.
To help stock investors interested in investing in UK Oil and Gas PLC stock, Invezz has created a brief article on what it is and where to buy it.
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What is UK Oil and Gas PLC stock?
UK Oil & Gas PLC stock is the stock of UK Oil & Gas PLC and it trades on the London Stock Exchange in the Alternative Investment Market under the ticker LON: UKOG.
The UK Oil and Gas PLC is a UK-based oil and gas exploration and production company.
The company’s current investments are in the Weald Basin where flagship assets including Broadford Bridge and the Horse Hill project where the Extended Well Test license was upheld by the high court today are located. It also has two oil production fields that are in operation and run by IGas Energy.
Should I buy UKOG stock today?
If you are looking to invest in a stock of an oil and gas Exploration Company, then the UKOG stock could be a good choice.
However, you must be cognizant of the current geopolitical situation between Russia and Ukraine that seems to be heading to a serious confrontation and it could affect UK Oil & Gas PLC operations since The conflict is in Eastern Europe.
UKOG stock price prediction
Despite the volatile geopolitical situation in Eastern Europe, analysts believe rising oil and gas prices after the Covid-19 pandemic would result in increased revenue for the UK Oil & Gas PLC, which would, in turn, translate to a rise in the stock prices.
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