Honduras Oil Investment

The Honduras seems to be a place where the big bucks are spent. It a decent place for stocks and investors grow more powerful through black gold or oil. BG group is investing $20 million to begin Honduras oil and gas exploitation. Honduran authorities decided to offer the company an environmental license on friday for an offshore block of 35,000 sq. kilometers off the coast of la Mosquitia, a thick patch of jungle and brush that borders Nicaragua.

The company plans to look around the area within the offshore block for oil and gas deposits and will spend four years doing so. They will invest $20 million to take care of the first year.

If you were to ask Ken Fisher, for example, he would say not to gush over oil stocks. Investing into energy is expensive and he would warn others against jumping into energy these days. There are other, even better possibilities.

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