Inner Circle’s Stock AdvisoryPatrick Justin is touting one tiny oil stock who has a huge swath of land in the heart of the hottest oil field on the planet. He says it can be bought for under $3, I’m assuming he’s talking about the Permian Basin but can’t locate a penny stock with a big land position. Any ideas?
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It could be Laredo Petroleum (LPI). It’s been steadily acquiring land in the Permian Basin and fits the profile. Disclaimer: I am speculating because I haven’t read the report.
But there are many other major producers in the region, including ConocoPhillips, EOG Resources, Pioneer Natural Resources, Noble Energy, Devon Energy, and Diamondback Energy. Smaller producers in the region include WPX Energy, Parsley Energy, Cimarex Energy, Callon Petroleum, Centennial Resource Development, Jagged Peak Energy and Laredo Petroleum. THIS IS A LIST OF SMALL COMPANIES IN THE BASIN LAREDO IS UNDER 3 BUCKS. A COUPLE OF THEM ARE AROUND 4 BUCKS. GOOD LUCK