A commodity bull market is happening everywhere you look lately. While the dollar is dying, you cannot say the same about the stock prices of companies with internationally based commodities production.
The reality that the U.S. Federal Reserve will be monetizing all of the government's funding needs for at least the next year has put the market on edge. The U.S. dollar's status as a reserve currency is in question.
Investors are using this opportunity to shift their holdings towards U.S. companies with strong overseas revenue streams. And there is one such company in the oil sector that has been overlooked by mainstream investors: VAALCO Energy Inc. (NYSE: EGY).
VAALCO is a great example of a U.S.-based company that - through its operations off the coast of Africa - will profit from higher oil prices and the dollar's long-term drop in value.
- Buy, Sell or Hold: VAALCO Energy Inc. (NYSE: EGY) Will Capitalize on Higher Oil Prices and a Lower Dollar