How to Profit from BP's Next Oil Field
Ever since the Gulf of Mexico oil spill, BP has been very quiet about where it is drilling for oil. But the announcement that BP is raising cash by selling its stake Pan American Energy for $7 billion means that the damaged company is ready to start developing new oil fields.
This time, however, BP will not be drilling in deepwater. Instead, BP plans to produce 60,000 barrels a day from its partnership in a land-based Canadian oil field.
New technology has led to a renaissance of North American oil production. One such oil rich area stretches from Wyoming, through North Dakota and into Canada. Known as the Williston Basin, this geological formation includes the Bakken Oil Pool, which has at least 5 billion barrels of reserves.
Chief Investment Strategist for Energy World Profits advisory service Ian Wyatt is recommending the oil producers who are drilling in North Dakota’s Bakken oil pool as a low-risk way to take advantage of higher oil prices in the future.
“With 5 billion barrels of verified oil, the Bakken is really America’s richest source for oil,” said Wyatt. “And it’s much lower risk for the companies who are tapping into it. I just recommended a top Bakken producer today at a price I never thought I would see again. It’s a great opportunity to for investors looking to buy on the dips.”
You can access Ian Wyatt’s investment report on North Dakota’s Bakken HERE
