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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 10:42 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 10:51 am to hikingfan
NE
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 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 1/9/15 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
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