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

Al Gore draws attention to a buying opportunity

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tesoro_logo[1] (2)Even 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.

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