NEU is up today and has much further upside. over the weekend congress passed a bill on fuel efficiency standards and NEU produces additives to the petrolium indistry to make cars more energy and fuel efficient. i not only like it for today but for the next few months. NEU is the symbol.
yes and no. lately i have been holding for 3 to 4 days. i actually owned this since wednesday of last week.
Is the legislation aimed at manufacturers or at refiners? If there are no teeth in it for refiners i don't think they will voluntarily up their costs unless they view that as a marketing strategy that can give them as edge over competition. That's a big if!