Oil Stocks

mosesbotbol · 01-12-2011, 07:57 AM

If I wanted to buy some oil stocks from an online stock site, which product should I get shares from and what site do you recommend? I am looking to buy maybe 1K in oil shares to hold until summer. I think oil prices are gonna rise big time this year.

MiamiE · 01-12-2011, 08:32 AM

Weird Moses. I was going to post something similar yesterday! I will be following this.

zappaFREAK · 01-12-2011, 08:46 AM

There are many companies out there that will sell a small amount of shares directly. There are no fees and as a bonus you can have them reinvest the dividends and purchase more shares. A great way to build up equity in a single stock over time. Oil companies can be great however 2 yrs ago Exxon was at 95 it is now around 75. Occidental Petroleum was at 72 and today it is at 98. Hit or miss depending on the stock. Good luck.

mosesbotbol · 01-12-2011, 08:57 AM

What about BP? Their stock is down from last year and looks like it has room to grow considering where it was.

CigarNut · 01-12-2011, 09:19 AM

The time to buy BP was about six weeks ago when it was in the mid 30's. Now it's in the mid 40's. Still some room for growth there.

Exxon is in the mid 70's and I am not sure it's going to do much in the short term. Conoco Philips in in the high 60's and it looks pretty good on SharpCharts (www.sharpcharts.com).

I invest through TD Ameritrade. My 401k is there and is therefore convenient.

BTW, my crystal ball is PERFECT

Stephen · 01-12-2011, 09:28 AM

Quote:

Originally Posted by mosesbotbol

What about BP? Their stock is down from last year and looks like it has room to grow considering where it was.

I was savy enought to jump on BP back in the summer when they were taking a beating. Purchased 500 shares at 27.08. Today, opened at 47.31.

Sauer Grapes · 01-12-2011, 10:12 AM

You can also look for an oil ETF. I have a buddy who is very big on Direxion ETFs, but they don't have a pure oil one. They do have a triple beta energy fund that is 70% into non-renewable energy. It's ticker symbol is ERX. I don't know anything about it, so please research it first.

That being said, I highly recommend an ETF as it is an easy way to diversify.

Ashcan Bill · 01-12-2011, 11:44 AM

Quote:

Originally Posted by Sauer Grapes

That being said, I highly recommend an ETF as it is an easy way to diversify.

Personally I've been putting a little money into USO lately. It's an oil ETF. The price rises or falls strictly based on the price of a barrel of oil.

Marginally better than playing a slot machine.

TonySmith · 01-12-2011, 11:57 AM

Take a look at some natural gas stocks. With the push for clean energy, gas prices should go back up.

jmsremax · 01-12-2011, 10:28 PM

Quote:

Originally Posted by Ashcan Bill

Personally I've been putting a little money into USO lately. It's an oil ETF. The price rises or falls strictly based on the price of a barrel of oil.

Marginally better than playing a slot machine.

USO is my choice for an oil ETF. Moses, have you considered oil refiners?

Sauer Grapes · 02-16-2011, 02:29 PM

Quote:

Originally Posted by Sauer Grapes

You can also look for an oil ETF. I have a buddy who is very big on Direxion ETFs, but they don't have a pure oil one. They do have a triple beta energy fund that is 70% into non-renewable energy. It's ticker symbol is ERX. I don't know anything about it, so please research it first.

That being said, I highly recommend an ETF as it is an easy way to diversify.

If only I had taken my own advice...
http://finance.yahoo.com/echarts?s=E...urce=undefined

Actually, I did place a limit order, but it never hit my buy price. Doh.

mosesbotbol · 02-24-2011, 06:17 AM

Those oil stocks sure look promising don't they. We will see record/near record prices on oil by summer time. If you're getting it in the rear at pump, might as well prop up your portfolio along the way.

jmsremax · 02-24-2011, 09:38 AM

USO has been up lately, but it isn't consistent with crude's pricing.

caveat emptor!

ade06 · 02-24-2011, 03:00 PM

I own some shares of the ETF "OIL" which I bought under $19 per share. They are now trading in excess of $25 per share. Not as big of a gain as individual company stock, but still a gain with less risk (at least that's what I think).

omowasu · 02-28-2011, 10:52 PM

My understanding about USO is that it is a partnership and taxes are due on your portions of the partnership annually - its not a standard ETF per se. Unless, of course, things have changed since I first looked into it.

Oil futures are unpredictable, and when it comes to commodities I like to invest in things I can hold or take delivery of.

Stock picks are a good bet nowadays, but an increase in the price of oil will not always mean an uptick in stock price, as the refiners costs increase along with all of ours. I personally think big oil is undervalued overall though, given world demand for the black goo.

01-12-2011, 07:57 AM	#1
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Oil Stocks If I wanted to buy some oil stocks from an online stock site, which product should I get shares from and what site do you recommend? I am looking to buy maybe 1K in oil shares to hold until summer. I think oil prices are gonna rise big time this year. __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

01-12-2011, 08:32 AM	#2
MiamiE I'm nuts for the place Join Date: Feb 2009 First Name: Erick Location: Miami, FL Posts: 2,892 Trading: (38)	Re: Oil Stocks Weird Moses. I was going to post something similar yesterday! I will be following this.

01-12-2011, 08:46 AM	#3
zappaFREAK The Black Page Join Date: Oct 2010 First Name: Stephen Location: CT Posts: 349 Trading: (5)	Re: Oil Stocks There are many companies out there that will sell a small amount of shares directly. There are no fees and as a bonus you can have them reinvest the dividends and purchase more shares. A great way to build up equity in a single stock over time. Oil companies can be great however 2 yrs ago Exxon was at 95 it is now around 75. Occidental Petroleum was at 72 and today it is at 98. Hit or miss depending on the stock. Good luck. __________________ "Dumb all over, a little ugly on the side." FZ zappaFREAK

01-12-2011, 08:57 AM	#4
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: Oil Stocks What about BP? Their stock is down from last year and looks like it has room to grow considering where it was. __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

01-12-2011, 09:19 AM	#5
CigarNut Fck Cancer! Join Date: Jan 2009 First Name: Michael Location: Clermont, Florida Posts: 18,042 Trading: (111*)	Re: Oil Stocks The time to buy BP was about six weeks ago when it was in the mid 30's. Now it's in the mid 40's. Still some room for growth there. Exxon is in the mid 70's and I am not sure it's going to do much in the short term. Conoco Philips in in the high 60's and it looks pretty good on SharpCharts (www.sharpcharts.com). I invest through TD Ameritrade. My 401k is there and is therefore convenient. BTW, my crystal ball is PERFECT __________________ Need Beads? Need Five Finger Bags? 2 of 3 Requirements for use of the CA Rolodex: 100 posts/ 60 day membership/ participation in trade (trader rating). New members can be added at any time.

01-12-2011, 10:12 AM	#7
Sauer Grapes Snatchin' yo people up Join Date: Oct 2008 Posts: 2,235 Trading: (44)	Re: Oil Stocks You can also look for an oil ETF. I have a buddy who is very big on Direxion ETFs, but they don't have a pure oil one. They do have a triple beta energy fund that is 70% into non-renewable energy. It's ticker symbol is ERX. I don't know anything about it, so please research it first. That being said, I highly recommend an ETF as it is an easy way to diversify.

01-12-2011, 11:57 AM	#9
TonySmith Feeling at Home Join Date: Oct 2008 Posts: 653 Trading: (1)	Re: Oil Stocks Take a look at some natural gas stocks. With the push for clean energy, gas prices should go back up.

02-24-2011, 06:17 AM	#12
mosesbotbol That's a Corgi Join Date: Oct 2008 First Name: Moses Location: Boston Posts: 6,171 Trading: (6)	Re: Oil Stocks Those oil stocks sure look promising don't they. We will see record/near record prices on oil by summer time. If you're getting it in the rear at pump, might as well prop up your portfolio along the way. __________________ Port Wine & Claret \| British Cars \| Welsh Corgi's

02-24-2011, 09:38 AM	#13
jmsremax Yet another Masshole Join Date: Nov 2009 First Name: Jon Location: MA Posts: 1,245 Trading: (19)	Re: Oil Stocks USO has been up lately, but it isn't consistent with crude's pricing. caveat emptor! __________________ Stock/Finance banter

02-24-2011, 03:00 PM	#14
ade06 Have My Own Room Join Date: Jan 2009 First Name: Ade Location: Philadelphia Posts: 1,190 Trading: (24)	Re: Oil Stocks I own some shares of the ETF "OIL" which I bought under $19 per share. They are now trading in excess of $25 per share. Not as big of a gain as individual company stock, but still a gain with less risk (at least that's what I think).

02-28-2011, 10:52 PM	#15
omowasu Fell ROTT Join Date: Jan 2009 First Name: Scott II Location: Chicago Posts: 288 Trading: (3)	Re: Oil Stocks My understanding about USO is that it is a partnership and taxes are due on your portions of the partnership annually - its not a standard ETF per se. Unless, of course, things have changed since I first looked into it. Oil futures are unpredictable, and when it comes to commodities I like to invest in things I can hold or take delivery of. Stock picks are a good bet nowadays, but an increase in the price of oil will not always mean an uptick in stock price, as the refiners costs increase along with all of ours. I personally think big oil is undervalued overall though, given world demand for the black goo. __________________ If I had something smart to say, I would definitely put it here.