04-27-2015, 02:24 AM
“The US is going to give Saudi Arabia and Russia a run for their money in terms of being the world’s number-one oil producer,” says Daniel Yergin, author of the classic history of oil, The Prize. “And that just wasn’t on the cards five years ago. It’s that recent.”
The US shale revolution - FT.com
The question remains, what does this insider buying mean? To interpret what this means, no one is more qualified, than legendary Fidelity money manager Peter Lynch. In Chapter 8 of his book, One Up On Wall Street, Peter Lynch explains the 13 characteristics of a perfect stock. One of these characteristics is that insiders of the company are purchasing company stock. Lynch claims that there is no better hint for potential success, than when insiders are investing their own money in the company. (One Up On Wall Street, Peter Lynch, P.142)
How To Spot An Undervalued Oil Company
BP’s former CEO Tony Hayward agrees with OPEC that its strategy of maintaining the oil glut and thereby helping to drive down prices will quickly crush the US shale boom and that oil prices will rally sooner than many people expect.