by hd123sftail | September 4, 2012 9:11 pm
Stansberry & Assoc. teased a pick and shovel company in the oil sector last week. The reasoning is what intrigued me. They said there are over 20 billion barrells of oil in each of the 5 new oil shale plays in the US. The effects will bring cheap energy to the US. Factories and jobs will return to the US because of this cheap energy. Prices of oil will drop significantly and so will the price of oil stocks just as what happened to the prices of natural gas and associated stocks. I would guess the tease is NOV but would really like to know what others think about the possibility of the other events related to oil.
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