Thursday, May 8, 2014

Permian Basin

Cramer, the babbling stock tout, does have some good ideas. I shun his particular stock picks mostly because they are so prone to exploitation, but when he talks about big ideas I listen. Lately he has been pointing out the productivity of the Shale gas plays. In particular the Permian basin of Texas.
And this chart is pointing to a growing affinity for Permian plays.

The rising triangle is on of my favorite price patterns. Especially in the context of a bottom.

 As a longer term holding this may be attractive. The yield is over 7%.

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