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re: is it time to start owning oil and gas? looking at halliburton
Posted on 1/6/15 at 11:11 pm to offshoretrash
Posted on 1/6/15 at 11:11 pm to offshoretrash
Normally I would agree, but companies that have had accounting scandals are generally bad news. Not only do you have to worry about them being dishonest, but also what they're hiding that hasn't been uncovered. I've followed the stock market for the past 15yrs and really can't remember too many companies that have thrived following an accounting scandal.
0
Posted on 1/7/15 at 7:50 am to VaBamaMan
quote:
How would y'all advise a stock market noob to go about getting into the O&G market? There is no way it stays down, and it seems like a really good investment, especially if it drops for a while longer. Obviously it's impossible to guess the bottom, or when the swing back up will happen, but how should I go about getting into it in general? What companies should I look at.....etc...?
I'm in this same boat. I have no idea what to look at.
Posted on 1/7/15 at 8:14 am to VanRIch
I'm interested as well. Anyone have some good options to buy on the way down?
Posted on 1/7/15 at 8:54 am to TigerSaint1
I'm buying some BP, but I'm holding long term, 5 years or so.
Posted on 1/7/15 at 8:59 am to TigerSaint1
I made a post earlier regarding USO (oil ETF). I think buying some calls a year out on oil ETF's would be a good play. I would like some input from someone who knows a bit more though.
This post was edited on 1/7/15 at 9:00 am
Posted on 1/7/15 at 9:20 am to offshoretrash
CXO has a strong footing in the Permian and has a great blance sheet. Also they are hedged in at $85/bbl for 50% of oil prod. in 2015
Posted on 1/7/15 at 3:40 pm to tigerbaiter1033
Bumping...
If oil bottoms at $40-43/barrel (as I hope), there are some great recommendations in this thread. Thanks to all for your input.
If oil bottoms at $40-43/barrel (as I hope), there are some great recommendations in this thread. Thanks to all for your input.
This post was edited on 1/7/15 at 3:41 pm
Posted on 1/7/15 at 3:46 pm to Dr Rosenrosen
Anybody betting on the Russians? The Ruble futures should be a play as well I would think.
Posted on 1/7/15 at 10:53 pm to VaBamaMan
Here's a tip, dont buy CAK
This post was edited on 1/7/15 at 10:53 pm
Posted on 1/8/15 at 8:42 am to Dr Rosenrosen
quote:
there are some great recommendations in this thread. Thanks to all for your input.
I've only seen the three you made and the OP's which was Halliburton. Someone mentioned energy ETF's. I've looked at FSENX, but I'd rather not play Mutual Funds for the short term. What are the recommendations then?
Posted on 1/8/15 at 8:57 am to roguetiger15
quote:
i think its safe to say that 15 was directly correlated to the events that happen,
Kinda like the CURRENT events that are happening? This is an outlier as well. Don't fool yourself into thinking you know what the floor is.
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