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rmtsquared | Does anyone know of any good oil companies to invest in that are penny stocks.? |
The smaller the amount, the better. Preferably under .10 |
 |
 
Dave M
 |
As the others said, don't do it. Just find good ones that cost more, but buy less of them, using the same amount of money. I like Chevron, CVX. I also like several of the other ones too. XOM is ExxonMobil. BP is good too, but it's kinda in a world of it own sometimes or so it seems.
I like this one little company PETD, but it's not listed in the oil sector. You might want to read up on it and ask some people about it. I don't understand why it isn't higher.
VLO and RIG are good too. I would think that any oil refinery company would be good. And VLO, Valero does refine oil.
I've never lost money when buying an oil stock. Now is not the time to buy it though, or anything actually. Just wait until this mess of the market dropping is over. Just because oil prices per barrel are at all time highs doesn't necessarily mean that oil companies' stocks will go higher.
Buy stock in Saudi Arabia if you can figure out how, and then tell me. lol |
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jonas_grant
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No. Avoid penny stocks and invest in real companies. |
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m
 |
Its too late - they are allmaking thier money now. looks like you missed the rip the whole world off boat. |
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jeff410
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There are tons of penny stocks in the oil business. And many of them are scams. There are probably more scams in the oil business pennies than most others. |
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beastseeksbeauty
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You won't get them under $10. Just go with XOM or CVX. |
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♫Mr. Kite♫
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Forget the small companies, go with the big, Petro Canada, Shell, Esso to name a few. I don't know of any American oil companies, sorry. |
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man_marathon
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the wealthy investors are pulling out of there as well as gold and goog stocks and the hell with small investors |
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Dom
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The reason why they are 10 cents a share is because they are not good companies. Picking a winner is like winning the lottery. You just get lucky but 99.9% of people that bought in don't make money (unless you can pull off a successful but illegal pump and dump scheme) |
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