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What stocks to buy to take advantage of the low oil prices?
Posted on 1/8/15 at 9:41 am
Posted on 1/8/15 at 9:41 am
What are some good stocks to buy here to try to take advantage of this downturn in oil prices?
I am looking at HAL, SLB, CVX and BP...all of them are priced close to their 52 week lows. Any other suggestions?
I am looking at HAL, SLB, CVX and BP...all of them are priced close to their 52 week lows. Any other suggestions?
9
Posted on 1/8/15 at 9:54 am to hikingfan
Just read an article on HAL. Basically, its operations won't slow as much due to the maintenance of existing fields. LINK
I picked up some CVX at around 100, but it's still a good buy for long term hold in my opinion. I think many of the bigger o&g companies could benefit from this drop in the long term when they start snatching up some of the smaller guys.
I picked up some CVX at around 100, but it's still a good buy for long term hold in my opinion. I think many of the bigger o&g companies could benefit from this drop in the long term when they start snatching up some of the smaller guys.
Posted on 1/8/15 at 10:00 am to hikingfan
EXXI
Posted on 1/8/15 at 10:41 am to OnTheBrink
Does anyone know anything about RIG?
Posted on 1/8/15 at 10:42 am to hikingfan
I'm leaning towards an Energy Fund, so someone with more knowledge than me can spread it around.
VEGNX or VDE
VEGNX or VDE
Posted on 1/8/15 at 10:45 am to ntgreek00
quote:
Does anyone know anything about RIG?
Transocean is who had the blowout in the gulf with BP. If you look back, that never let them recover from 2008. It's at an all time low... not just a 52 week low.
Posted on 1/8/15 at 10:47 am to Clyde Tipton
Clyde Tipton
I was listening to a guy (yahoo finance) talk about this stock like it was worth buying, what do you think?
I was listening to a guy (yahoo finance) talk about this stock like it was worth buying, what do you think?
Posted on 1/8/15 at 10:51 am to hikingfan
NE
Posted on 1/8/15 at 10:53 am to ntgreek00
quote:
Clyde Tipton
I was listening to a guy (yahoo finance) talk about this stock like it was worth buying, what do you think?
You are asking the wrong guy. Like I posted above. I've been recommended to buy energy funds that lump a lot of peoples money together and then spread it out over multiple oil and gas related companies. The people running those know a lot more than me.
Posted on 1/8/15 at 11:12 am to hikingfan
NBR, APA, MRO, TOT, COP
Posted on 1/8/15 at 11:38 am to hikingfan
quote:
What are some good stocks to buy here to try to take advantage of this downturn in oil prices?
Why do you think they are going to go back up? I work in O&G and I want em to go back up probably more than the next guy but i'm not so sure its going to happen any time soon.
Posted on 1/8/15 at 12:01 pm to 8thyearsenior
quote:
Why do you think they are going to go back up? I work in O&G and I want em to go back up probably more than the next guy but i'm not so sure its going to happen any time soon.
Good point, this has been going on for 3 months or so and everybody thinks it's the bottom.
Posted on 1/8/15 at 5:29 pm to hikingfan
Probably a lot of stocks that are overbought by now, but food and beverage companies. Price of corn has been quite low on the heels of a strong growing season, fuel price descent will be a windfall for both the companies themselves and consumers who will eat out more. Fundamentals are strong overall on both supply and demand side.
Posted on 1/8/15 at 5:45 pm to hikingfan
MRO
MPO
MUR
VLO
TOT (France)
E (Italy)
MPO
MUR
VLO
TOT (France)
E (Italy)
Posted on 1/8/15 at 11:21 pm to bayoubengals88
I'm watching Denbury and BP
Posted on 1/9/15 at 9:49 am to hikingfan
Oil tankers have had a phenomenal run lately...risky and no idea how long the party will last. Every time Dennis gartman or another trader comes on CNBC and mentions them, they catch another ride up....FRO, TNK, NAT
Posted on 1/9/15 at 3:45 pm to eye65
Gartman has been wrong for about 6 myths on oil.
Why not look at industries that benefit from low oil?
Chemical, airlines, trucking companies, etc
Why not look at industries that benefit from low oil?
Chemical, airlines, trucking companies, etc
Posted on 1/9/15 at 7:50 pm to Lou Pai
@ Lou Pai -
I like your logic and wish you would post more. The price of gasoline as a psychological effect is stunning to me. It has always opened up consumers wallets. When I go to the grocery store and see people buying expensive stuff so they can can save .03 per gallon on tank of gas, it just baffles me.
South Florida is more crowded, and more crowded earlier than I've ever seen this winter. People are spending. Anecdotal evidence, but I'd be willing to bet, or invest in Darden, that it eventually makes it to Uncle Sug's statistics and whatever that index is that tracks consumer confidence.
Posting on Facebook on their employer's time, but won't take 30 minutes to log on to their retirement accounts and rebalance. Or adjust for what must eventually come. Higher interest rates. Eventually. Has to. When? Good questions. But posting to Facebook, and driving all the way across town t save .03 on gas? That's important shite.
I like your logic and wish you would post more. The price of gasoline as a psychological effect is stunning to me. It has always opened up consumers wallets. When I go to the grocery store and see people buying expensive stuff so they can can save .03 per gallon on tank of gas, it just baffles me.
South Florida is more crowded, and more crowded earlier than I've ever seen this winter. People are spending. Anecdotal evidence, but I'd be willing to bet, or invest in Darden, that it eventually makes it to Uncle Sug's statistics and whatever that index is that tracks consumer confidence.
Posting on Facebook on their employer's time, but won't take 30 minutes to log on to their retirement accounts and rebalance. Or adjust for what must eventually come. Higher interest rates. Eventually. Has to. When? Good questions. But posting to Facebook, and driving all the way across town t save .03 on gas? That's important shite.
Posted on 1/14/15 at 9:48 pm to Iowa Golfer
Bought a 100 shares of Range Resources yesterday. Stock cut in half, low extraction costs, 60% nat gas hedged at $4.10 mcf thru 2016 and oil hedged at t$90 thru16.
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