Oil Stocks

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?

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, 11:57 AM	#2
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.

02-28-2011, 10:52 PM	#4
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.