The Dean’s Virgin Oil & Gas Pick is Almost Here
November 6th, 2009 at 11:43 am Posted by
This week, The Dean has been teaching the CollegeStock Community about his upcoming virgin oil and gas pick and this is not just hype. In fact, The Dean’s upcoming pick has never been promoted before.
Morgan Stanley (NYSE: MS) reported that demand for oil is expected to grow and could return to 2007 levels of 20 million barrels a day in the U.S. At current prices, that means oil consumption could be heading back up to $1.6 billion a day—and that’s just one country.
The Dean has done his homework and found that the Associated Press also expects to see the return of oil. Since the market’s low point in March, the price of oil has doubled and an improving economy could increase demand and pricing. In fact, Morgan Stanley (NYSE: MS) sees prices hitting $105 a barrel by 2012—an increase of 30% over the next two years.
A report from Bloomberg this morning suggests that crude oil could easily top $91 a barrel, according to Barclays Capital (LSE: BARC.L). Based on a technical analysis of crude oil, Barclays‘ MacNeil Curry said the current market conditions are signs of upward movement “in the near-term.”
If you’re new to the CollegeStock Community, then you might not be familiar with $CGCA and the stock’s spectacular run from June to August. The Dean taught his Honors Class about $CGCA on June 17th when it was trading at $0.50 and by July 23rd the stock hit $1.94 for a gain of 288%.
This is why The Dean’s so excited about his virgin oil and gas play, which Honors Students will learn about this afternoon at 3:20.
The Dean wants the CollegeStock Community to stay tuned because The Dean will be working overtime this weekend to teach all of his students about this undiscovered gem.
