The Saudi-led military coalition in Yemen says Iran provided the weapons for the attack on its Aramco facility at the weekend.
| Editor's Note: Every now and then, an investment opportunity comes across our desk here at The Daily Reckoning Australia that we find so compelling we just have to share it with you. Below, you’ll find one such opportunity from our friend Callum Newman over at Small Cap Alpha. Read on to check it out... | Dear Reader, The Saudi-led military coalition in Yemen says Iran provided the weapons for the attack on its Aramco facility at the weekend. If Saudi Arabia gets in a more serious conflict with Iran, we could see several of the other OPEC member countries get dragged in...and that means further upward pressure on the oil price. According to current estimates, 79.4% of the world’s proven oil reserves are in these OPEC countries. That means the rest of the world — including the US — is now even more desperate for new oil reserves outside this ‘flashpoint’ zone. This is why news that an Aussie driller is on the verge of a potential 30 million barrel discovery, in the Gulf of Mexico, is suddenly super-important... This company has exclusive rights to drill the oil. In the current climate, that could mean its stock price is about to go on a rocket trip... Read more here. Best wishes, | | Callum Newman, Editor, Small Cap Alpha |
|
|
| |