World Fuel Services' Shares Could Take Off
With crude oil poking its head near 52-week highs, lots of energy companies are getting rich these days. One of them is likely World Fuel Services (INT Quote).
While it is difficult to know for sure -- the company's executives don't like talking much in between quarterly announcements and don't report until after the close of trading on Thursday -- what is apparent is that World Fuel's stock hasn't benefited from the recent run-up in crude oil and petroleum product prices. This disconnect cannot last forever, and some investors are starting to see the stock as a value play.
Through its aviation, marine and land business segments, World Fuel is a reseller of fuel to customers such as governments, airline operators, tanker fleets and ground distribution networks. With a $1.1 billion market cap, World Fuel is small in the land of 12-figure oil giants. However, the role that the company plays in the energy sector is truly global in scale. ...
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