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4 Undervalued Oil Stocks Offering Substantial Yields
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Published Thu, 07 Jun 2012 12:44:23 -0400 on Seeking Alpha
Staying bearish on oil is quite trendy these days, as Crude oil slipped down around $85, while Brent Crude is hovering around $99. There's a long time to get into the oil sector again because the weakness will not fade away so easily. As long as there's a weakness in the Euro, oil will not have a chance to get on its feet. As far as I see, there's still not a bottom on the horizon. A slowdown in the oil collapse is out of the question for today. Deutsche Bank analyst Paul Sanke has the same opinion with me here: I've got to say I'm worried about the euro and what it's going to do to the oil markets. More than 90% of world oil is traded in dollars. And as the euro slides lower the dollar get stronger. That, in turn is negative for oil because it makes... Read more


