A Giant Wave Of Money Is Headed Toward This Industry
May 22nd, 2008 | By Brian Hunt | Category: Oil Investment & Alternative EnergyOnce in a great while, a sector trend becomes so strong, the rising tide lifts every boat in the industry.
In the industry that sells transport, drilling, and pumping services to Big Oil, the rising tide is more of a 130-foot wave crashing onto shore. In other words, you could close your eyes, buy almost any oil-service stock right now, and come out ahead this year.
One of Market Notes‘ frequent guests, Transocean, is up 53% in the past year. It’s the world’s largest drill-ship operator. You find similar gains in CHC Helicopter (transport), Cameron (valves), Tenaris (drill steel), FMC (wells and transport systems), Nabors (drilling), National Oilwell Varco (drill rigs), Weatherford (drilling systems), and… well… we’ve run out of space.
No doubt this market is frothy… but for those speculating in 2008, keep this in mind: Skyrocketing oil prices are filling the pockets of Russia, Saudi Arabia, Canada, Norway, and Brazil right now. They’ll have to spend that cash to find more oil… and that 130-foot wave will continue pushing money into oil services.
|
|
Source: A Giant Wave Of Money Is Headed Toward This Industry
Advertisement
It could become the bestselling pill in medical history...
On March 30 - there’ll be an announcement of FDA results for a new drug that many experts believe could make early investors $195,600, overnight, and potentially even more.
One analyst writes, “This is the kind of situation that can literally change your life.” Forbes says, “It could be a billion-dollar drug.”
