New Tax Bill in USA can open new opportunities for Oil Hello all,
This is my first post on stockhouse. I have positions in Aveda at 0.48$ and 0.62$. I am invested in thsi company for the next 6-12 months. Oil drilling is at an all time high in the USA and supply is increasing every day. While this is good for our business, I do not believe it will last for long especially with most stock indexes at all time highs.
About the subject of my post, if the new Tax bill gets passed which seems very possible at this point, it will allow oil drillers to tap into Alaskan soil which may be good for Aveda as far as equipment transportation goes.
ENERGY DRILLERS
It's no longer off limits to drill in Alaska's Arctic National Wildlife Refuge for oil and natural gas. President Barack Obama had sought to protect the 19.6-million acres, a home for polar bears, caribou, migratory birds and other wildlife. But under the Republicans' tax plan, fossil fuel companies could tap into oil and gas reserves. Alaska Sen. Lisa Murkowski and other Republicans insist that drilling can be done safely with new technology while ensuring a steady energy supply for West Coast refineries.
https://www.yahoo.com/finance/news/look-winners-losers-under-gop-205042006.html
Balance sheet looks good. Debt is being diminished and EPS has jumped greatly over the last year even if it is still negative. Let me your constructive thoughts.
AT