dredude52
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I'm a trader, so I hear this question all the time, but with different subjects inserted. Everybody wants the answer, but what they get is an uninformed opinion, if the question is anwered on the information given. You cannot get an answer from this question, only an analysis; but that isn't what you asked for.
when I hear this question, I always ask, "In what time frame?" Are we looking at Daily charts, Weekly, Monthly, Quarterly, or are we looking at 1-min charts or Tick charts?
Otherwise, it is an impossible question. What is your time frame? Are you a long-term investor, a Day Trader, what?
But you are in luck, because two time frames have coincided here in the oil stocks. The entire group has had a good run, of course, but many of them have backed off since the January high. They are just now beginning to rally again, so you have the opportunity to buy them at a discount.
The problem you may encounter is whether the stock market is topping here. It may not be a good time to own any stocks at all for a few months. |
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rumeoui
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Yes very much so! Chevron has good stock So does B.P. |
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ksu20042003
 |
yes |
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kautaliya
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NO.
Why?
Because the price of all the oil/energy stocks has gone so high that in the future they are not likely to go higher.
If energy prices go up, technology will help by reducing energy consumption or coming up with other sources of energy therefore these companies might do well in the short term but not necessarily.
Buy a well diversified Mutual Fund like
Vanguard Star Fund
Also read books |
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HeartlessClown
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yes. |
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Frank Castle
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I can advice you.
Top 10 Answerer in Business & Finance |
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sashtool
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I would take a serious look at alternative energy stocks from established companies. Ethanol additives to gasoline will start to become more prevalent to extend fuel stocks and maintain competitive energy prices. Something to look at for the long term as well as oil energy stocks. I would look at any company that is planning to build a new refinery for gasoline within the next 2 years and put my money there. |
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Betus
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That's an interesting question... The best strategy is to buy low and sell high, actually that's the only strategy. Yet, with this prices, Can we really say that this is a low?
As with most commodities this is not easy to tell, most people are buying now because they think that oil prices will keep climbing, therefore creating a demand and pushing the price higher, which in turns makes people anxious that they may be losing a good opportunity and they start buying pushing the price even higher until the bubbles burst.
Now, what we know is that this price climbing is theoretically due to the growing tensions with Iran, also we know that for every 5 dollars the oil price gains, the world losses .5% on it's economic growth index.
Given the political backstage I would not recommend buying now. If this really turn critical OPEC may increase the oil toll in order to stabilize the price around the $40 per barrel.
Now if you are risk lover you could buy derivatives, either if you think the price will climb or if it will fall, BUT this strategy is not for everyone and you can will lots but you can also loose everything. If you're going to invest in derivatives do it with a serious and informed professional and fully aware of the risk involved. |
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I'm all yours
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Oh you betcha. But don't go after one stock. Go with Fidelity Mutual Funds. Fidelity Select Natural Gas (FSNGX)
Do a yahoo lookup on it and you'll see an amazing growth chart. |
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whbounty
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buy low/sell high..........remember stock price and the price of crude oil and the price of gas at the pump are 3 different things and mutually exclusive. Crude at the well head is about $13 actual cost.....all other prices include huge profit (gouging) margins...........and huge taxes |
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dufus61603
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you can if you want to but do your research first. |
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vivi
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Its always good to have those investments.Now its the boom time.Even if it wont last for long,you could make ample income in stock trading, |
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Ari. N
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Yes this is a good time and prices will not come down they will be going higher and higher.
Wise thinking but don't blame me. |
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garyccoulter
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I would think so as expensive as gas is right now! |
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jajanu
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Yes it is |
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tivnuz
 |
5 reasons why to buy oil stocks now
1) they probably will climb a little higher as part of all the peeps pushing the value up.
2) with the current oil market and untability to to the world situation the oil stocks will be high for quite some time so even it is at a hight now it is hard to tell if it really high or not
3) any trouble in Iraq, Iran, Nigeria (which there currently are) will highly influence the oil stocks up to extreme high values, and if it really go into a full scaled war in the middle east it will bring a value jump, and then sell quick quik quik before the markets collapses because all the others who start selling at that moment...
4) The supply of oil is still lower than the demand and the world economic growth based on oil use is still growing.
5) many oil rich nations around the world have peeked their oil production and can't produce much more or are even getting less and less crude oil production for each yer, the supply is getting depleted faster than the development at the current rates.
5 reasons why not to buy oil stocks now
1) the value is extremely high and thus the risks are higher and quite probably will one see a fast fall in value before the markets stabilizes.
2) new non-oil dependent technologies and resource uses are fast growing they might be a safer bet if one want to put stocks in to the energy market since their cost are still relatively low.
3) Oil indistry is not the nicest industry to share your wealth with, invest in something that makes the world better instead.
4) no one know what the future holds but it probably is quite black for oil.
5) these are bad times, prepare for the oil embargos, and those might cost you more than what you could earn on the puny oil stocks |
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johnbenn_2000
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you bettcha |
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wleemoore21
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No, as I and others beleive prices will soon plument so its a risk, investing in anything is a risk
http://www.newsmax.com/fir/oilbust.cfm?PROMO_CODE=1E10-1 |
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hook
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should have bought them 3 months ago, we should have known! |
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robert2011@sbcglobal.net
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What good will all that money be if the air is so bad you can't breath?I would invest in alternative energy or a company that produces gas mask filters.Get in on the ground floor! |
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bruceman1012
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yes, but . normal people dont have the money to buy stock because we are broke f**** |
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Tom Joad
 |
It's after midnight. You should never purchase while in a market that is closed. Make sure you can get a real-time transaction.
Good night! |
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gokuballzstud
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hell yeah |
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oliversnowbird
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yes oil is going up steadily |
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Flight Simulator X freak
|
Yes. The prices are going higher and higher. |
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question
 |
no worries we engineers are inventing things running on SOLAR ENERGY and other forms of energy except oil stuff |
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thomas
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You're kidding-?!
NO.
Invest in real estate or a food and/ or water commodities- GOLD is the new energy investment.
Cheers
TOM |
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soccerstar11
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yes |
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DUotis
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buy low, sell high...you probably missed the boat for short term money...buy put options |
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alittlespiceyk
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I believe that they are very unpredictable right now.
I am not an expert but I listen and learn especially since I cannot write my gas off. |
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jgmafb
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well duh!forget what these so-called trader's are saying and listen to a realist with some common sense.Ok!
Iran is gonna start influencing oil before to long buddy you can mark my word on that.Why cause Bush is gonna be a wanna be bad *** and try to push them around and it's not gonna work.You see it's not the people that are selling us the oil that is causing the price to go up it's the greedy ***' in our government that is doing it.
Now these oil producers are gonna start taking stock in the fact that WE are only good at taking and not gibing.remember how we blocked the port deals?That was a mistake.I gurantee you we would of been better off.The thing that would of changed was management but,no screw the people we get our oil from then expect them to keep the price low?Well like I said actually they have been keeping it down,but thanks to a little push and attention the real price is gonna go up for real.Hell yes buy the stock. |
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