I’m saying farewell to numerous companies that have been in oil price fantasy land and refuse to adapt to the new paradigm.
For too long, many of them have been:
- Accumulating copious amounts of debt
- Drilling prospects that are not justifiable at current sub $55 oil or even sub $75 oil
- Relying on easy equity markets to get them through
I mean, production and reserves may be able to be bought (a lot) cheaper than drilling right now. The bigger firms with large cash positions are salivating at this prospect.
And I know who these companies are.
Maybe through blind luck, or tact, I called the top for oil and went to cash back in late summer of 2014—and kept cashing in. I was hoping for an opportunity to buy the best of the best stocks at fire sale prices.
“Luck is what happens when preparation meets opportunity.” – Seneca
Fortunately, I got my wish. I made good money in 2014 while oil and energy stocks got hammered. You can even see my whole track record for yourself.
And now I have just begun deploying my capital.
These are the stocks that move first, and move the most. That’s where I want to be with my investments. To learn what they are–Click Here.