Tuesday, July 17, 2007 7:11:24 PM
"Almost any oil stock will profit from that scenario, especially if the company owns oil still in the ground. In an era of rising prices for oil, such companies are sitting on an appreciating asset."
10 year projections of ever increasing oil costs may hurt our wallets at the pump, but should shore up the portfolio side of things quite nicely.
ERHC's share of JDZ oil; 1 billion barrels. Once proven, ERHE will be $10+. All we need is time and patience.
Nuf said.
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