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If I think the price of oil is going to skyrocket..

Posted on 2/26/12 at 5:04 am
Posted by SM6
Georgia
Member since Jul 2008
8972 posts
Posted on 2/26/12 at 5:04 am
what are the best investments? Energy mutual funds, oil on a commodities index? With the current situation in Iran, I think prices will continue to climb... how do we make a buck here?
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15384 posts
Posted on 2/26/12 at 7:41 am to
moped
Posted by Chris Farley
Regulating
Member since Sep 2009
4213 posts
Posted on 2/26/12 at 7:46 am to
Oil ETFs
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/26/12 at 8:13 am to
DIG
Posted by SM6
Georgia
Member since Jul 2008
8972 posts
Posted on 2/26/12 at 9:34 am to
quote:

DIG


I wish I could, unfortunately the plot of land I own is a 750 sq ft. condo in a DC building.... I don't think they'd take kindly to a derrick on the corner of 14th and K
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 2/26/12 at 9:51 am to
That is a ticker.
Posted by Zach
Gizmonic Institute
Member since May 2005
118037 posts
Posted on 2/26/12 at 12:35 pm to
Chevron has been very good to me. You can buy direct without a broker.
Posted by gonads&strife
Member since Dec 2011
1885 posts
Posted on 2/26/12 at 12:46 pm to
I've been buying a lot of small independent public E&P company stocks, especially those that trumpet that they are oil focused - they will rise with the tide and you can make a quick flip, if that's what you're interested in.
Posted by Weaver
Madisonville, LA
Member since Nov 2005
28132 posts
Posted on 2/26/12 at 9:39 pm to
One word...dinars
Posted by TJG210
New Orleans
Member since Aug 2006
29502 posts
Posted on 2/27/12 at 9:34 am to
quote:

small independent public E&P company stocks


Which ones if you don't mind me asking....I like this strategy, made a bundle doing this last go round. Are you afraid the higher insurance rates in the Gulf will hurt these guys?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 2/27/12 at 9:44 am to
Stay onshore then, that's where the massive growth has been anyway. I would also throw out the idea of non-US E&Ps. Lots of activity in Africa and South America.
Posted by SM6
Georgia
Member since Jul 2008
8972 posts
Posted on 2/27/12 at 10:17 am to
quote:

That is a ticker.


Oops.

I was actually looking at another ProShares ETF: UCO
Posted by spicycajun
Member since Jan 2012
40 posts
Posted on 2/27/12 at 10:38 am to
KOG, MHR, SSN, SD, AXAS, GMXR all making a killing the last few weeks as price of oil continues to rise, we should see $120 a barrel by summer.
This post was edited on 2/27/12 at 10:38 am
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 2/27/12 at 12:55 pm to
quote:

If I think the price of oil is going to skyrocket..



Take a dart and throw it at a dartboard of service companies and operators, you'll make money.
Posted by Tigerstudent08
Lakeview
Member since Apr 2007
5776 posts
Posted on 2/27/12 at 1:56 pm to
ATPG Up over 20% today!
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 2/27/12 at 4:12 pm to
quote:

KOG, MHR, SSN, SD, AXAS, GMXR all making a killing the last few weeks as price of oil continues to rise, we should see $120 a barrel by summer.




Which do you like best and why? Are they pretty much tied to the cost per barrel (goes down as cost goes down)?

Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 2/27/12 at 5:15 pm to
quote:

ATPG Up over 20% today!



I'm doing some stuff for them, they just got the go ahead to drill 6 more wells off the coast of isreal.
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 2/27/12 at 6:17 pm to
So the future is bright for them?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 2/27/12 at 6:30 pm to
They'll probably all relatively float with the rising tide but smaller E&Ps are usually focused on particular areas. People pay much closer attention to well-specific data for them as they're much more operationally and financially leveraged to fewer wells than an XOM or CHK would be. I know I've said this before relative to O&G companies but I feel the need to mention it again since you keep wanting it to be purely a function of commodity prices. You can bet it like that, but if you decide to bet on Carrizo and they miss hard on a Niobrara well or Forest and they continue to have operational issues don't expect their stock price to not take a hit simply because oil is up to $105.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
11046 posts
Posted on 2/27/12 at 7:11 pm to
It is a bit ironic that US demand is at a 15-yr low yet supposed concern over supply disruptions in my least favorite area of the world drives oil prices higher. Maybe there is a hidden agreement amongst certain producing countries to outwardly position themselves as supply inhibitors to maintain pricing for all. OK, I don't really believe that, just postulating.

Sounds like the US needs to improve its refining efficiency/capacity if consumers want relief at the pumps.
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