Allthough it's a bit early I feel it's time to start a list on what we feel could be good tips for the next 12 months.. SPs are low and it's a good time to get in etc., (imho)

I'll start with a few of which I'm in at the moment. (IMHO)
EDD, IVE, STP, RIFT, TAN, VYKE, MED, GIP

Anyone have any others worth a look ?

I GO FOR BT.A VOD BP//

Another good bet is AFR. Afren are reported to be producing circa 21,000 bpd rising to 26,000 soon, so when the oil price recovers, then so will Afren. No brainer.

I guess the pound has another 30% to fall against the Euro, and gold to rise to $1500 and oil to $80.

In 2009 PURE could have a good year.

so you really reckon £ will fall to €0.77?
i really don't think so ..... indeed, just as europe went into denial about BSE, so ECB is currently in denial about the exceedingly parlous state of so many of the key european economies ...... BASF has already shut down 25% of its factories; french economy looks to be falling off a cliff; spanish already has

I do think it has further to fall before some sort of low is reached this year in Spain there are hardly any UK tourists its the worse I've seen and the Xmas poeriod was a wash-out.

2009 will be a year of survival .

Indead, first 6 months of 2009 could be grim...
Below is my current small cap portfolio (put together over the last 5yrs or so) ... all bombed out and not worth selling as not worth much!
I'll continue to hold as for most of them the reasons i bought in the first place still hold... good luck all

EDD
GIP
IVE
MDC
MDM
NPE
PXS
REDT
RIFT
SCO
STP
TAN
VOG
VYKE

The pound dropping might be a blessing in disguise for the British economy.....to recover quicker than our European counterparts ?, quite possibly,....my tips last year ; I think were AEX, TLW, HAWK, MRS, and KYS.......all went up before crashing....so depending on whether you got out at the top ?.....I'm still in all of them.....so for 2009, I'm going to say recovery for TLW,GFM,RIFT,AEX and EEN.

I will have to go for Corac group 'CRA', building up to their first trial of a downhole gas compressor that can achieve extra flow rates of between 25/50% from gas wells, their design is fully patented and involves a frictionless air bearing technollogy, and means they can achieve massive rpm and therefore greater thrust than any similar compressor of the same size - they have no competition...
The R&D has been funded by JIP partners Repsol, ENIspa and Conoco Philips no less, they are satisfied with the test rig that has been flow looped and run continuously for 20 months now, in fact obviously impressed as ENI have ordered the first machine which sells at 1m a time... Baker Hughes (the third largest oil/gas supply company in the world) has signed a joint marketing agreement and is adapting their downhole electronics for ESP's to power up the dgc and deal with all installations, it is considered that there are thousands of wells worldwide which would benefit - the machines would pay for themselves in approx a year and can reduce the number of wells needed to drain a field - they will also uplift the stranded gas that can no longer be obtained by natural pressure. Quite simply the device will be in massive demand if successful, and BH have all the right contacts with the big oil multinationals.
They also have an Industrial air side with turbo boosting units that save 18% on energy consumption like for like, now receiving repeat orders.
The market cap is currently approx 15m and this is should be roughly covered in future by increasing orders on the IA side - there was a delay (due to Italian regulatories requiring extra safety valving) for the first dgc trial - put back til Q4 09 hence creating a fantastic buying opertunity now at 18/20p

Think I'm winning so far ... post 4.

of the tiddlers i hold, then BLNX probably has at least as good prospects as any .... i like that there is a continuous trickle of news from them, and as the company grows, there has to be a fair chance that one of the bigger players will take the company out

i would also like to think that yesterday's tripling of EO's price was not an aberration ..... however, i do not believe it! .... nevertheless, at least this is one oilie minnow that is operating in safe waters, so to speak

Bank of England expected to reduce interest rates by 1% this week .

Not a good idea, they are low enough.....it won't make any difference except for industry !.

I agree some accounts are paying less than 1% already if they reduce again customers will be paying banks to look after their savings its madness.

Afren & Centamin [AFR & CEY ] , as they are the only stocks I own

Loq is a good bet for 2009, profit will be 1.9million for 2008 market cap of 6million and cash in the bank of more than 1million. Three more parks added so for for 2009,europe parks to be annouced in the spring.

How about MPE? Market cap about 118M at 225p, but net assets end of June were $266M (around 180M, trade essentially in $), plus reserve in F/D earmarked for disposal at around $50M. Net cash $25M after deducting borrowings - and before any inputs from property sales in Indonesia.Activities after those property sales will be 70% palm oil in Indonesia and 30% beef cattle in Australia. Shares punished recently on drop in palm oil prices and Australian drought, but still profitable and trading at substantial discount to net assets. Not for widows and orphans, but I hold and think it will reward the patient - also gives me the chance to check the weather in Queensland (been raining last week, which may have helped the share price!) Always DYOR

ALWAYS RECOVERS AFTER A RECESSION. GOOD START FOR 2009/2010.

PHAU

IDM - big winner in 2009

I'm adding Faroe Petroleum to my list (a little late I might say) (FPM) see stock !.