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If you have followed my writing at all over the past few years, you will know that I have been very bullish on horizontal oil producers for the long term.
My long-term view is that these companies sit on huge amounts of oil in the ground and that even small advances in recovery factors will result in big increases in value for shareholders.
My belief is that these companies have very compelling long-term growth stories and that the secondary wave of development will produce the most profitable oil from these plays.
My results so far with these horizontal oil producers have been mixed at best. I focused on Canadian horizontal producers because they were much cheaper than...
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