CNOOC Ltd. (CEO) expects to sign a deal with Norway’s StatoilHydro ASA (STO) soon to buy stakes in some deepwater exploration blocks in the U.S. Gulf of Mexico (GoM). StatoilHydro is putting five prospects on the market, out of its more than 400 leases in the U.S. GoM. The company had acquired these assets, with 100% working interest, in 2007 and 2008 lease sale. This deal could mark the introduction of China's foray into the U.S. GoM. The GoM remains one of the most abundant areas of the world for oil discoveries, with billions of barrels of crude believed to be trapped beneath the seabed. Chinese companies are pursuing assets acquisitions abroad to cope with the country’s increasing demand for oil and gas. But they are facing difficulties in tying up deals partly because the oil-rich countries want greater control over their resources. We ...

Green shoots are okay if you’re a gardener. But what if you’re an investor? Here  at Notes believe investors must realists about the markets. As we like to say: “Hope for the best, but prepare for the worst.”

So today, we want to give you the other side of the green shoots story as told by underground investor James Dale Davidson. James is a good friend and one of the most farseeing investors we know – he’s been making money from economic collapse for over three decades. And he was one of the first to predict the current meltdown in his 1994 book,The Great Reckoning: Protecting Yourself in the Coming Depression.

We’re lucky enough to have James work with us on two paid-for investment research services, Strategic Investment and Crisis Strategy Alert. This means we’re one of the first to read James’s monthly reports on profiting in the downturn.

James has been dead

...