Q: How can I cash in on shale oil boom?
A: The U.S. is turning into an oil production powerhouse. Can you profit?
New ways of extracting energy out of the ground is changing global energy production. The rise of shale oil is a big part of the change. New ways at getting at oil and gas deposits in shale formations, including the ones the Permian Basin, are massive.
The oil drilling equipment makers are one way to play the development. Schlumberger is one of the biggest sellers of drilling gear and a natural play.
Top Oil Companies To Invest In Right Now
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But investors are starting to look for less obvious stocks that could benefit from the rise of U.S. oil production.Transportation stocks, especially stocks involved in rail, have turned into big winners. Companies that make railcars suitable for transporting oil and gas, namely Trinity Industries and American Railcar are two under-the-radar ways to play the shale oil boom. These companies continue to see earnings growth as demand for railcars to carry energy expands.
Another way to play the move is by investing if through a brokerage called Motif Investing, which has a basket of stocks connected with shale oil. It requires opening an account with Motif, but after then, you can tweak the portfolio to your taste.
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