How about the other 3 Oil and Gas stocks in my portfolio? Crude oil has been in the down trend, (down from $81 to $76 ). Be patient, it's just a matter of time for them to rise again. Look at how Unclepicks collects YTLPOWR and how unclepicks collects Oil and Gas stocks. (in fact, going to collect more Oil and Gas!). Oil and Gas counters are considered hot picks, also investor's favorite, especially for oil producer country like Malaysia. Buy slowly along the dip and wait for the sentiment to come back.( Have you forgotten the Oil peak is somewhere around $150).
Let's dig into the history of oil. In 1956, M. King Hubbert suggested that oil production is bell-shaped like, and he predicted oil peak in year ~2020. To confirm his theory, unclepicks attached alaska oil production (peak:1988) and mexican oil production(peak:2004). Look at both the graphs, are you seeing what I am seeing? Bell-shaped graphs! If Hubbert is correct, we should see world oil production drop exponentially in about 10 years from now.
As long as oil price stays above $60 per barrel, there is no problem for these oil and gas companies to make reasonable profit.(In fact, handsome profit in future)
Unclepicks is here to stay at least for the next 30 years(est. average life span). Looking forward to witness M. King Hubbert's theory.
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