Dear Bob,

I�ve been warning you for weeks that oil is headed higher�.

And sure enough, crude oil hit a new record of $60 last week � before pulling back slightly.

But actually, oil at $60 a barrel isn�t a record high at all �

On an inflation-adjusted basis, oil�s historic peak is equivalent to $94 a barrel in today�s money � and with the current oil shortage, I�m convinced oil prices can hit that or higher.

Worse, as a result of massive demand for crude, the major oil shippers today are virtually booked solid for months.

So even if more oil were to come online from producers, it would be nearly impossible to ship the oil fast enough to prevent a price squeeze.

And the best way I know for you to profit directly from the boom in oil shipping �

� is by picking up some shares of the world�s largest owner of medium-sized oil tankers.

With a fleet of more than 150 ships, this company transports one out of every ten barrels of sea-borne oil in the world � and has recently expanded into shipping liquefied natural gas.

Currently the stock trades at:

* 1.8 times sales � comfortably below the industry average of 2.4 times sales.

* 2.0 times book value � about half of the S&P 500's 4.1 times book value.

* 6.7 times cash flow � about half the industry average of 12.3 times cash flow.

The company trades at around HALF of the industry�s average sales, book value, and cash flow.

So ignoring any fundamental factors, the stock would have to DOUBLE � just to get in line with the rest of the industry!

Best of all, earnings grew an astounding 1,053% in the most recent quarter compared to the same period a year ago � while operating margins were 22.3% higher than their recent 5-year average.

For a FREE special report giving you my trading recommendations on this half-price oil shipping giant, just click here now.

Sincerely,

Martin Weiss, Editor
Money and Markets

P.S. Along with your FREE oil report, you�ll also receive a risk-free trial subscription to my monthly Safe Money service.

To get started, just click here.

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