Jumping on Energy Expansion
I want to begin the trading week with a big shout out to Jim "El Capitan" Cramer for his recent three-part series, 10 Lucrative Themes for 2013. It's an expansive and well-thought-out tapestry with many insights to help investors position their portfolios for the new year.
I would like to expand on Jim's fifth theme: that expanding domestic energy production has been, and will continue to be, a game-changer. This development over the last few years has put U.S. refiners in a sweet spot due to expanded and lower-cost crude oil input to refinery processes, and it has provided wide crack spreads. It has also given petrochemical producers such as Dow Chemical (DOW), which has leveraged exposure to low-cost natural gas in the U.S., the upper hand against global competition....425 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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