Kamis, 27 Juni 2024

Get to This Small Stock Before Big Oil Does!

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Wealth Daily

Get to This Small Stock Before Big Oil Does!

Big money just can't resist the temptation of small oil stocks. 

Not that we blame them, mind you. Today, energy is arguably one of the most oversold sectors in the market, and you know just as well I do how smart investors relish finding a basement bargain. 

After all, we saw a clear overreaction earlier this month when oil sold off at the conclusion of OPEC's latest meeting, when the group announced that it would start reeling-in its output cuts in 2025 — if the market allows. 

Truth is, this buying frenzy has been taking place for a long time.

oil rig

Warren Buffett has been bolstering Berkshire's position in Occidental Petroleum for years, and his OXY shares have built up a nice tidy profit so far. 

But that's a drop in the bucket compared to Big Oil's hunger for smaller oil stocks. To be fair...

>>> Read the full article here.

 

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