“You could have bagged 695% profits as oil fell $55” (Penny Oil Speculator)

Checking out the "buy low-cost, fast-growing oil stocks at 50% off" teaser pitch from Chuck de Castro

By Travis Johnson, Stock Gumshoe, January 8, 2015

With oil having been cut in half over the last six months, it seemed like as good a time as any to hear from someone with a little optimism about oil — and there’s not a lot of that going around at the moment, other than general chatter about how this is a “historic” (if vague) opportunity…

… everyone in the great investment punditocracy wants to be able to take credit for putting their flag down and saying “this is it, this is the bottom” even though they don’t really want to risk all their money on a particular price point ($50? $40?) just in case it turns out that, well, $20 oil is the bottom, and it doesn’t come for a couple years. We all have to be careful about what is really a “known” and what’s just a “gosh, that has to be true, right?” And no, there is no “known” about what the “right” price for oil will be in six months — everyone is guessing.