Bald Eagle Energy Inc. (BEEI.OB) Shows How Oil Can Act Like Gold
Oil exploration company Bald Eagle Energy, Inc. recently showed how a little oil stock can, like gold, do remarkable things. Even though the sluggish economy has brought oil prices down to earlier levels, oil stocks can also be viewed as having a counter-cyclical element. From 2/19 to 2/24, the Dow Jones Industrial Average made another new low, causing some investors to again start using the term “depression”. Little noticed was that, during the exact same time, BEEI jumped over 37%. Unlike the major oil players, Bald Eagle Energy is a small, largely unexposed company, still under the radar of many…