Most Read Articles
Free Reports
Stocks
Drilling Deep for Oil Stocks |
June 10, 2008 By Robert Hsu, Editor, Asia Edge |
Robert Hsu
Robert Hsu is the founder and president of Absolute Return Capital Advisors LLC., a private client money management firm. His firsthand knowledge of Chinese culture, business and government combined with his phenomenal track record as an investor make him uniquely qualified to help you build your fortune from the economic miracle under way in China.
Where Do We Go From Here?
Most of the oil fields in the world are producing as much oil as they can to keep up with world demand, and many oil fields have matured past their peak. Because of this, oil explorers are searching for other land reserves to tap into. But they are still having little success.
Luckily, there are a few companies that have instead looked underwater – the next big source for oil – and have scored big.
I recognized this, and I recommended one of these successful underwater drillers in my Asia Edge service. So far, we have a 25% gain in this oil stock in about two months. And with the need for new oil reserves growing, I think that there are plenty more profits on the way from this Brazilian underwater driller.
The key to this oil company's success is that it has made two recent oil discoveries – one in the deep waters of the Gulf of Mexico, and the other off the east coast of Brazil. While the amount of oil reserves in the Gulf find is still being determined, the expectations are high, as the company's other oil discovery is huge.
And I mean huge – it is expected to contain up to eight billion barrels of oil, which is the largest oil find in the Western Hemisphere since 1976. When production starts in this underwater reserve –possibly as soon as 2011 – this company is expected to join the ranks of oil stocks like ExxonMobil (XON) and BP (BP). Add the potential oil production from the new Gulf find, and you can only imagine the profits to be made by this oil giant!
And the company isn't stopping there. It is dedicated to expanding its business through more oil finds, and I expect more strategic growth and progressive moves from this company going forward. In fact, the company just launched a project to add more equipment and more ships to its fleet to keep up with its massive oil discoveries.
Quit complaining about the rising gas prices at the pump and add some green back into your pockets by investing in this Brazilian underwater driller. For the whole story on this oil stock, its recent oil finds, and my specific buy advice, join Asia Edge today.
