when the various investment gurus start promoting watch out, we have seen their effect before!
His back:
Five Shocking Oil Trends Every Investor Must Know Before Earnings
Beware the Oil Pirates of Somalia
By Christian DeHaemer
Friday, January 21st, 2011
Oil pirates of Somalia
A few years ago, I was following a small Australian company that had talked some tribal elders into letting them search from oil in Northern Somalia, or what is called Puntland.
Make no mistake; Somalia has the same geography as the Arabian Peninsula, and is thought to hold a mother lode of oil — some six billion barrels.
As you might expect, this small wildcatter ran into deadly troubles. Hand grenades were tossed into the back of their exploration vehicles.
That’s why I was surprised when I came across this little bit of info from the PR wires:
Africa Oil, together with its joint venture partners, has entered into amending agreements with the Government of Puntland, represented by the Puntland Petroleum and Mineral Agency, in respect of the production sharing agreements ("PSAs") for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area.
This stock is already up 300% to 12 cents. That’s right — a Somalia penny stock.
That’s what I’m talking about.
Good hunting,
Christian DeHaemer
Editor, Energy & Capital
http://www.energyandcapital.com/articles/five-shocking-oil-trends-every-investor-must-know-before-earnings/1403
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