Buy Norway’s oil champion
Norway’s next oil frontier just got a little closer — and there’s only one stock to play it.
I don’t follow Norwegian politics very closely, so you’ll have to forgive me if I’ve been a little slow on the uptake.
But the re-election of Norwegian Prim…
BP’s ‘Giant’ Discovery Gives the Gulf of Mexico New Life
BP PLC (NYSE ADR: BP) yesterday (Wednesday) announced a “giant” oil discovery in the Gulf of Mexico that may contain more than 3 billion barrels of oil. The find is evidence of the Gulf’s resurrection as a major oil producer, as well as the great lengths – or depths – to which major oil companies must go to find vibrant wells.
The well, known as the Tiber Prospect, is one of the deepest wells ever drilled with a total depth of about 35,055 feet, or 6½ miles. An appraisal will be required to determine the size and potential commercial value of discovery, but preliminary estimates suggest the field is bigger than Kaskida, a 2006 discovery that boasted 3 billion barrels of…
3 growth stocks for September
Don’t be afraid of the big bad wolf called the month of September. While it’s true that historically stocks don’t do well during this month, the more important factor is where we are in the business cycle.
After a recession, analyst estimates tend to b…