Lucas Energy (LEI:AMEX) - A Cheap Way to Play the Future Move in Oil Prices
Lucas Energy is a great way to play a long term option in oil prices without having the typical expiration risk in options. It’s very seldom that you get a chance to play the oil and gas market with a stock trading below a dollar on an exchange other than a penny stock exchange..
The government reported today a surprising decrease in gasoline stockpiles. This news caused a surge in oil prices.
If the situation regarding Iran continues to deteriorate and we’ll know much more after Thursday’s meeting, then oil prices may trade to $80-$100 a barrel by the end of the year. The deteriorating situation with Iran continues to put a higher floor on oil prices as any tensions with Iran will spook the oil markets.
Not good news for President Obama but good news for oil prices and companies such as Lucas (LEI:AMEX)
Notice:
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