A Latin American market analyst predicts that the value of Latin American energy stocks are set to hit the roof despite oil futures falling to lower than $50 a barrel recently.
Rudy Martin, the editor of Latin Stock Investing and the president of Latin Capital Market, in a detailed article on the Forbes website, has literally urged readers to invest in these stocks as they are set to witness a meteoric rise. His argument is that, the increase of Russian oil influence in Latin America herald's higher prices for these stocks.
Russia's LukOil is in discussions to buy 30% of Spain's Repsol one of the leading producers of oil in Latin America. If this transaction takes place, LukOil would become an international oil producer. This coupled with the IAEA's prediction of the world's growing energy needs (45% more than present demand by 2030) and the unlikely chance that the equivalent of four Saudi Arabian oil fields will be discovered by that time have prompted him to make his argument.
To read the whole article on the Forbes website click here.
Rudy Martin, the editor of Latin Stock Investing and the president of Latin Capital Market, in a detailed article on the Forbes website, has literally urged readers to invest in these stocks as they are set to witness a meteoric rise. His argument is that, the increase of Russian oil influence in Latin America herald's higher prices for these stocks.
Russia's LukOil is in discussions to buy 30% of Spain's Repsol one of the leading producers of oil in Latin America. If this transaction takes place, LukOil would become an international oil producer. This coupled with the IAEA's prediction of the world's growing energy needs (45% more than present demand by 2030) and the unlikely chance that the equivalent of four Saudi Arabian oil fields will be discovered by that time have prompted him to make his argument.
To read the whole article on the Forbes website click here.
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