Dirty Money Is the Best Money
I want piles of dirty money.
And I want you to have piles of dirty cash too.
No, I don’t mean money tied to criminality… I mean I want you to score tech-fueled profits from dirty, heavy industries.
Think big opportunity, Mike Rowe Dirty Jobs style. Because that’s what we’re going to get from the high-tech oil industry today.
Let me show you how.
Investing in Big Oil Is Investing in Big Tech
When you think of the oil industry you probably think about boring old commodity trading.
But I’m here to tell you investing in the oil industry is a lot like playing any of the more traditional tech sectors.
And the amount of pick-and-shovel tech plays this industry offers is well beyond anything you may have imagined.
How do I know?
A few weeks ago I attended OilComm 2019, in Houston. I was in the heart of Big Oil country and had the pleasure of rubbing elbows with representatives and board members of some of the most influential companies.
First let’s talk about some of the challenges the oil industry faces, and then we will dive into why this means big opportunity for tech investors.
Beware the “Cyber Mafia”
A “cyber mafia” is the term FBI Cyber Crimes Task Force Director James Morrison called today’s sophisticated hackers.
And Morrison specifically notes, network vulnerabilities in the oil industry are exactly the type of target this highly sophisticated group of hackers look for.
These groups could care less about stealing your identity or the $5,000 in your checking account.
But remotely hijacking a tanker ship carrying 2 million barrels of oil for a multimillion-dollar score is right up these rogue hackers’ alley.
And this is not some hypothetical. I watched an oil tanker get hacked live right in front of my eyes at OilComm.
There’s a company called Pen Test Partners… they are the hackers who choose to fight these rogue hacker groups.
To do so, they actually hack unsuspecting oil rigs, ships and command centers then report the vulnerabilities to necessary stakeholders.
In the live hack, conducted by Ken Munro of Pen Test, Ken was able with a few command strokes to “reposition” a ship by hacking the ship’s GPS systems and making the ship’s mapping system think the tanker was in one place when it was actually miles away in another location.
In tight shipping lanes like the Port of Long Beach in LA or the Strait of Hormuz, this could cause disaster.
Keeping oil rigs’ and tankers’ networks safe is where our opportunity lies.
Tech Solutions Bring the $$$
There’s not one sweeping fix that will eliminate all the network vulnerabilities that exist in the oil industry.
But new technologies used in conjunction with one another can eliminate these vulnerabilities. That also means there are a lot of companies in the space that we need to look at for opportunity.
Here’s a handful of the companies I’m investigating for you this week:
- CenturyLink (NYSE: CTL)
- Ceragon Networks (NASDAQ: CRNT)
- EchoStar Corp. (NASDAQ: SATS)
- Verizon (NYSE: VZ).
Each one of the companies impressed me with their network innovations.
Even more promising is that a number of the network solutions these companies offer could be used in other industries. This means new long-term revenue streams that could boost the share values of these companies a lot higher.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily