Sponsored By:

Buy Signal of the Century: 3 Oil Stocks to Grab Now

Al Gore draws attention to a buying opportunity

    View All  

Tesoro

 Buy Signal of the Century: 3 Oil Stocks to Grab NowEven if Gore is right, some portion of the $7 trillion in carbon assets is going to get burned. Even if only 10% of that amount, that’s still a pretty big number.

Front and center of processing that carbon is the oil refiner. Traditionally refining has been a tough business. The capital and maintenance expenses eat away at margins. Profits are razor-thin and as such, investors have typically shied away from owning the refiners. Oil price volatility doesn’t help either, but now might be a good time to own the oil refiners with prices seemingly stable at the $100 per barrel mark.

One of the cheapest refiners to own right now is Tesoro (TSO). The company is expected to grow profits by 70% next year. At current prices, shares trade for just 14 times 2013 estimated earnings. I think you can safely profit on this one for a year or two – long before the Gore oil bubble deflates.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/oil-stocks-atw-tso-chk-oil-stocks-to-buy/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.