Oil Stocks

Gas prices aren't everything. Be careful

*Gas prices at your local gas station aren't everything

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How about $150 a barrel of oil?

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$150? Yes please.

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How about $150 a barrel of oil?

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$150 oil favors exploration and production companies, assuming they are finding crude. Remember that refiners have to purchase $150 crude and they may not be making a penny more than they are now depending on what their product yields are and what their crack spreads end up being.

If crude actually goes to $150, you better sell all oil and gas because it won't last. It's not a sustainable number economically, so go short equities in general. You'll have demand destruction followed by a huge reversal in prices and then a hurt economy due to fuel costs.

If you think we'll see $4 gas and it's going to be on the backs of refining margins, go long refiners and the large integrated oil companies. If you think it's because of commodity prices, go long E&Ps. If you think it's both, run for the hills and get out of the stock market and conserve cash because we're looking at 08 again IMO.

Why not use an etf like xle or iye and get tham all?

Is RIG an exploration and production company?

LINK

it's knocking on the door of the $50 resistance. once it breaks through it could be in the $60-$70 range come summer time. also, the $.79 dividend is pretty nice

I just got hired on by Baker Hughes and I was reading some good things about their stock the other day....predicted to jump $30 by years end. I don't know shite about stock though but I will be getting in on the stock purchasing plan.

I like Still like BP and hold a lot of it. I like APA a lot as well, but don't hold any. APC is also probably still a buy, but I haven't looked at it in a while. I like betting on alternatives if I think oil is going to go up, but all of my favorites have taken such a run up, that I got out of them. I would look into small E&P companies right now if I were putting money into the sector, but I can't suggest any off of the top of my head.

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I just got hired on by Baker Hughes and I was reading some good things about their stock the other day....predicted to jump $30 by years end. I don't know shite about stock though but I will be getting in on the stock purchasing plan.

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Obviously. Do you think you stumbled on inside info? Please be careful. No need to lose all of your money in something dumb like this.

I absolutely love Cameron, National Oilwell Varco, and WTI and are long on all 3.

NOV and Cameron are easy.......right now both are making money hand over fist on valves/equipment on the shale plays. I'm in the industry and the demand for valves are absolutely through the roof right now, if oil prices continue to rise so will demand for these items.

WTI is a stock I've traded in and out of the last few years and done fairly well, it's at $21 now, and I could see it easily heading to $25-30 if oil goes to $120/barrel as I expect.

We've done some work with some private valve and dehydrater companies in Houston and Midland and they're just going absolutely bonkers right now. The one in Midland has been around for 40 years and they were hitting 200+% year over year revenue growth in Nov/Dec.