Oil Prices are Ridiculously Low Opportunity Still Abounds in E+P

Dan Dicker, Senior Energy contributor at Real Money, talks with Stephanie Link, co-portfolio manager at Action Alerts Plus about the current state of the oil market.
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Dan Dicker, Senior Energy contributor at Real Money, talks with Stephanie Link, co-portfolio manager at Action Alerts Plus about the current state of the oil market. Dicker tells Link that he has rarely seen such an array of geopolitical risks to the oil markets; in Russia, Libya, Iraq, Iran, Syria and in the Israeli incursion into Gaza. Yet oil still lags, trading at little more than $100 a barrel. Dicker thinks this lag in oil prices represents an opportunity in junior US exploration and production companies like Anadarko (APC), Noble Energy (NBL) and Hess (HES). He believes oil will again see $125 a barrel in mid-2015, which will provide another big leg up for these stocks.