Germany recently got spooked over the Gas problem in the Ukraine. Germany also has little or no natural energy resources of its own. So any oil company doing business there has rock solid business foundations.
For these reasons plus the likelihood of energy prices staying strong (and stronger) for the foreseeable future we’ve been buying North European Oil Royalty Trust (NYSE:NRT).
Wall Street still doesn’t like Energy stocks with a common feeling among analysts that they’re being valued with Crude at sub $50, believing that the current price $65+ is an aberration that won’t last.
Our feeling is that $65 for Crude is a pretty good average price for the next 5 years, and if prices do head back to sub $50 then that could offer the best buying prices for the next decade allowing sharp longer term investors to really load up on premium oil and energy related stocks.
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