The Last Texas Oil Revival

Take a look at this image:

What comes to mind? 

After posing that question to a few colleagues, I was flooded with a wide range of answers, with the most common being that it was tracking a weather system inside the United States. 

One clever friend even recognized a few of the Texas counties but was sure it was an image of a storm brewing. 

When I quickly informed him that it had nothing to do with meteorology, he was just as perplexed as the rest. 

“It’s a storm, all right,” I told him, “but this will be one of the most profitable ones in history.”

What you’re looking at above is a map of permitted and completed wells in one of the biggest oil hot spots on the planet. 

You see, spread across an area roughly 250 miles wide and 300 miles long is where 44% of all the crude oil in the U.S. is extracted from over 7,000 oil fields. 

It’s located smack in the heart of the Lone Star State, and right now this oil patch is on fire. 

In fact, more oil is flowing out of the Permian Basin right now than ever before. 

And it couldn’t have come at a better time.

Three Must-Own Permian Oil Stocks

Let’s be honest with ourselves: Every time you hear some clueless pundit parrot the “Putin Gas Price Spike,” it’s safe to discard everything else that follows it. 

Granted, if we were talking about LNG — and specifically the future price that Europe will be paying from here on out — then we’d have a much stronger argument to be made regarding Putin’s culpability. 

After all, threatening to shut off gas pipelines from Russian to Europe would be a pretty damn good reason to look elsewhere for your natural gas. 

But we’re not talking about natural gas. And like it or not, Russian oil is going to make its way to the market regardless of any bans. China had no qualms about buying Iranian crude with heavy U.S. sanctions placed on Iran’s oil industry; President Xi will be more than happy to buy Putin’s oil at a discount. 

And despite geopolitical volatility playing a pivotal role earlier this year in keeping oil prices inflated, the only people we have left to blame for our current situation are ourselves. 

Not only did we have months of triple-digit oil prices leading up to the 2022 summer driving season, but the fundamentals are overwhelmingly bullish right now. 

Remember, gasoline stockpiles are well below the five-year average, and demand is just starting to ramp higher. 

Like I said before, there’s a perfect storm raging, and things are going to get worse before they get better… 

Much, much worse. 

No matter how hard people try, there’s no stopping this bull run. The only thing that can halt this incredible momentum for oil is demand destruction — and we’re not seeing that just yet.

All you can do is either profit or get out of the way. 

Fortunately, I know exactly which one you’d prefer.  

The hard part isn’t figuring out that there is still a wealth of oil profits left this summer but rather where those hidden oil gems can still be found. 

Well, let me give you a bona fide cheat sheet. 

My readers and I are banking on three “must-own” oil stocks in the Permian Basin. And although each one is raking in record revenues in its respective industry, you’d be most surprised by our first play. 

You see, not only is this a premier Permian driller that’s been grossly overlooked by Wall Street throughout this boom — it’s one of the few oil drillers I trust to profit no matter which direction oil prices head!

In fact, this was one of the few oil stocks in the market today that made money when oil prices were dirt cheap. 

You need to check this one out for yourself right away.

Until next time,

Keith Kohl

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A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.

For nearly two decades, Keith has been providing in-depth coverage of the hottest investment trends before they go mainstream — from the shale oil and gas boom in the United States to the red-hot EV revolution currently underway. Keith and his readers have banked hundreds of winning trades on the 5G rollout and on key advancements in robotics and AI technology.

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