Matt Badiali, editor of the Resource Report newsletter for Stansberry Research, says that most of the large oil companies are not safe investments. He predicts several could cut their dividend in 2016. He also warns of tougher times for most shale producers with oil prices below $55 a barrel and production still near all-time highs.
Frank Curzio then breaks down his presentation from the S&A Investor Conference in Las Vegas. He is bearish on oil and told an audience of over 500 people to sell all of their oil stocks. Frank also talks about the next big trend in technology and names several stocks that will be huge beneficiaries.
