Oil $500 - By Flavious J. Smith, Jr.

the following characteristics. While the companies that I recommend might not meet every requirement listed below, I look for the ones that check most boxes.

E&P Companies

Onshore firms: Top-notch assets in oily basins, especially the Permian Basin

Offshore firms: Top-notch assets in the Gulf of Mexico

Large land positions in low-risk resource plays

Use “best in class” technology for their operations

Have access to well-developed infrastructure Refining Companies and Exporters of Oil and Related Products

Access to export facilities and infrastructure along the U.S. Gulf Coast

Ability to refine light sweet crude oil from shale and tight- sand resources

Access to the major oil-storage hub in Cushing, Oklahoma

Access to offshore-oil production in the Gulf of Mexico

Infrastructure and Transportation Companies

Well-developed pipelines and interconnects from the supply sources

Access to Cushing, Oklahoma and the refinery hubs on the Gulf of Mexico

Own oil and gas processing facilities

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