You ever wondered if there’s more to the energy market than meets the eye?
My brief analysis of an unfolding shale scandal gives new insight that could reshape your trading strategy and grow your bottom line in the weeks ahead.
The story involves a lawsuit filed in a Las Vegas federal court.
Via: Reuters
The goal is to expose possible conspiracy among eight U.S. energy titans:
- Hess.
- Pioneer Natural Resources
- Occidental Petroleum.
- Continental Resources.
- Diamondback Energy.
- Chesapeake Energy.
- Permian Resources.
- EOG Resources.
They’ve been accused of a covert price-fixing scheme to slow production and line their pockets with cash from higher pump prices for U.S. consumers.
“Defendants’ production restraint agreement worked,” the lawsuit said. “Defendants are reaping the rewards in the form of massive revenue increases, while not reinvesting that additional revenue into new production.”
Hence, the class action lawsuit demanding monetary compensation for millions of gas purchasers across multiple states, including Nevada, Hawaii, and Maine.
But whether or not you’re a resident of the states involved…
This is a typical case of companies engaged in corporate misconduct.
The market will have its say, and stocks of some or all of these energy companies will likely post significant losses as this story unfolds.
As a retail trader, this is a nice opportunity to target gains of up to 35% or more.
And you can do it without exposing yourself to the risks of “shorting.”
Learn more here.
To your trading success,
Author: Anthony Speciale
Anthony Speciale Jr. Born and raised into a blue collar family in the suburbs of Northern New Jersey, I have in recent years put down the wrenches I’ve been turning for the better part of my entire life and have become a professional energy trader. My mother was a nurse practitioner and my father was an auto mechanic. I had literally watched both of my parents work endless hours with their hands throughout their entire lives and after loosing my mother at a young age to cancer, I had decided I wanted a different future than the path I was currently on. At a young age I was a struggling student who didn’t excel very well academically and college wasn’t really in the cards for me, but I was always a disciplined worker. When I had put my mind to something, there was nothing that was going to stop me from reaching and exceeding my goals I had set for myself. So, as life had evolved, so did my desire for freedom. It was never much about the money for me, but it was about the success and the freedom that accompanied that success. Over a decade ago, I decided to specialize in just one sector of the market. I knew that I only needed to be proficient at just one area of the market to achieve the goal I had set forth. Trade passively while producing massively. Well, that’s exactly what I did. After several years of failed attempts, endless education, trial and error - I had finally yielded myself the success and freedom I was desiring. After making myself over $1,000,000.00 trading this very method, it was time to share my success with those who also desire the freedom I did. After a lot of work, time, effort and sacrifice - Big Energy Profits went from merely a concept into a very real reality.