Blog > Oil and Energy > Texas oiler moves to — France (of all places)! Stock soars!
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Texas oiler moves to — France (of all places)! Stock soars!

Today's Financial News - Posted June 5, 2009

Our free TFN oil stock pick Toreador Resources Corporation (AMEX:TRGL) is up 50%, Calumet Specialty Products (NASDAQ:CLMT) almost 16%. Time to set a wealth-preservation stop loss at 40% gains for TRGL!

by J. Christoph Amberger

Baltimore—TFN: Even if you’re not a member of our premium services (Hot Stock Confidential closed out its 30th double-digit gainer for the year just yesterday!), you should be quite happy with some of your recent free oil-related recommendations: Calumet Specialty Products (NASDAQ:CLMT) is up 15.40%, Toreador Resources Corporation (AMEX:TRGL) is up 50%% as I write.

Now, regarding TRGL, here’s the kicker: Toreador Resources Corp. “unveiled Thursday the growth strategies it will be pursuing”. That sounds like a Dilbert… “utilize synergies to create total-quality customer empowerment” crap. In TRGL’s case, however, it’s the decision to relocate its headquarters from Dallas to Paris, France.

Let me put that in so many words: Texas oiler relocates to—France!

Here’s what that means: Despite the prospects that they’ll have to hire three French to do the work of one American (once you compensate for France’s crazy labor laws), the company still expects to benefit from the more business-friendly climate and taxation. The paradigm of the 1990’s—European corporations fleeing confiscatory tax policies in their home countries for the more attractive climate in the States has been reversed within the first 5 months of the Obama Administration!

And the fact that investors are bidding up the stock is just the icing on the cake!

This is just the beginning: Expect the number of corporations taking their business elsewhere increase exponentially in the coming year!

Capital, after all, has no fatherland.

Meanwhile, we’ll be locking in a minimum of 40% gains on our TRGL play: Set your stop loss at $4.74 as TRGL says goodbye to the U.S. Treasury and labor market!


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Posted by J. Christoph Amberger · Filed Under Oil and Energy 

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