Do you know which Stock Bob Czeschin is referring to when He says you can buy a perfectly-positioned oil Co.near its 4-year lows. This Co.
has more recoverable oil than Mex.and Brazil combined. It has more
oil than all the European countries combined,plus more oil than any other investor-owned Co. in the world.With so much oil in the ground,
you could dbl your money on a modest move in oil prices,or on a large
move,the profits would be colossal! This Co. is sitting on a mind-boggling 27 Billion barrels of recoverable oil.The street value is approx.2 Trillion dollars. Co. currently produces about 200 mil. barrels
of oil per yr. Says it is an Amer. Co & one of the few that have been able to steadily increase reserves and production despite declining US production. When oil was down @ around $35 a bbl in 2009 they picked up a # of oil fields. He also said when buying shares in this Co. You,re getting oil in the ground for about $1.93 a barrel!= A crown Jewell in the Oil Patch. So who is it??
Thanks Kindly
Wilma Wankling
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Devon Energy
Yes Devon energy, featured prominently in the ETF FCG.