Oil is near $105 a barrel. Is it too late to invest in oil companies? I certainly don't think so! Consider these 5 reserve rich small caps. Three are bargains at current oil prices. Two, if not now, will be bargains when natural gas prices rise.
One company has $100/share in reserves, yet is priced at only $20/share. Another has 2,400,000 acres (3,750 square miles) of mostly unexplored oil shale prospects. A third, now getting into oil, is loaded with natural gas reserves . . . but sells for 7% of what it did in 2008.
Best of all, none of these companies' reserves is in volatile North Africa Complete article on SeekingAlpha here
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment