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Serious Money: Cheapest place in the world to find oil |
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| Jun 15, 2009 07:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, Brazil, Chevron Corp (CVX), Anadarko Petroleum (APC), Serious Money, Oil, Stocks to Buy  Some of you may have heard this before if you have been in the stock market for a long time: The cheapest place to find oil is on the floor of the New York Stock exchange!With the price of oil moving up faster than the price of oil stocks, and the high cost of exploration and developing new sources, I have been surprised that there have not been any mergers or acquisitions by the major oil companies. I would think now would be a good time to add to their proven reserves with far less risk than looking for new sources. It also seems to me that the risks associated with exploration and developing new product would be easier to absorb by larger entities. <font><font> </font></font> Continue reading Serious Money: Cheapest place in the world to find oil Serious Money: Cheapest place in the world to find oil originally appeared on BloggingStocks on Mon, 15 Jun 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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