Oil Driller via Wikipedia
If the GOP wins in November, how can you adjust your portfolio to benefit from their conventional policy? Here are a few pointers:
“Big oil companies will be huge winners. American oil imports from the Middle East will accelerate, where the industry earns 80% of its profits. That will bring peak oil sooner, easily taking crude over $100/barrel quickly, and eventually to $150 or $200. Restrictions on both onshore and offshore drilling will get rolled back to their Bush era laissez faire levels, cutting costs and boosting profitability. You want to own Chevron (CVX), ExxonMobile (XOM), Conoco Phillips (COP), and of course, BP (BP). The drilling and service companies, like Transocean (RIG) and Diamond Offshore (DO), should do spectacularly well.”
Additional segments and investment ideas from The Business Insider here.
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Tags: BP (BP), Business, Cameco (CCJ), Chesapeake Energy, Chesapeake Energy (CHK), Chevron (CVX), Conoco Phillips (COP), ConocoPhillips, Corinthian Colleges (COCO), Devon Energy, Devon Energy (DVN), DeVry (DV), Diamond Offshore (DO), Energy, ExxonMobil, ExxonMobile (XOM), First Solar (FSLR), General Dynamics, General Dynamics (GD), House, Humana (HUM), Joy Global (JOYG), Middle-East, Northrop Grumman, Northrop Grumman (NOC), Offshore drilling, Oil and Gas, Oil well, Peabody Energy (BTU), Pfizer (PFE), Shaw Group (SHAW), Strayer Education (STRA), Transocean, Transocean (RIG), Treasury ETF (TBT), triple short (TMV), United Health (UNH), Zimmer Holdings (ZMH)
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