Re: Investing in oil companies
Nothing is wrong with it. I think however the key to making money in the sector in this environment has changed though. I think if you are able to find undervalued stocks with high potential for conventional oil reserve growth as opposed to picking the sector just for the sake of the sector's strong pricing or finding a company based upon its potential of developing bitumen reserves which probably will take decades to develop are going to languish some. Currently, I am very high on Heritage Oil and the stock is trading higher than it was during the summer.
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