This comes from our mates across the pond, the folks at the Red Hot Penny Shares newsletter. And they’re just as worried about oil in Merrie Old England as we are here in grumpy new Washington, so clearly the newsletter editors over there are just as eager to get your blood bubbling about a hot new oil stock.

I looked at an energy-related teaser from these folks way back in January, by the way, so if you happen to have fond memories of the ‘ol “Torpedo Technique” gas compressor company, that was brought to us by these same Red Hot Penny Shares folks. That pick, by the way, looked pretty good for a little while but is now down about 30% in the last month.

And the Gumshoe just loves it, of course — the more ideas the better. I’d rather not pay for them, though, so let’s see if we can’t figure out just what company they’re talking about here. I think we all know that England has been a significant producer of oil and gas thanks to the North Sea, but we also all probably have been hearing for years about the decline of those fields … so where is this 10 billion barrels of oil?

I’m so glad you asked.
Read the rest of this entry »