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Posted: 3/9/2011 11:23:16 AM EST
Including small domestic drillers?
I have been consdering putting some of my cash assets into oil company stocks. If Kuwait or Saudi Arabia implode like Libya, oil prices will shoot up.

I know domestic drilling has been weak since Obama has been in office due to excessive regulation, etc, but you have to think they would start encouraging it if any more oil producers go tits up.
Link Posted: 3/9/2011 11:38:09 AM EST
Link Posted: 3/9/2011 11:50:44 AM EST
I bought a bunch of Goodrich Petroleum Corp (GDP) last year and the stock tanked. a few months back the stock was back up and I sold it. They have oil rights in the eagle ford shale reserve so if they start cracking underground than they will have some huge cash. But I am going back to war stocks for the summer.
Link Posted: 3/9/2011 12:15:30 PM EST
I'm into XOM and COP as well as a couple of nuclear plays.
Also look at the equipment end of the biz.
Link Posted: 3/9/2011 1:34:18 PM EST
cvx

had xom but canned it. should have held on to it.
Link Posted: 3/13/2011 12:14:35 PM EST
Short XOM from 83, and XLE from 77. Pull back is a comin...

Targets are 75 (XOM) and 67.5 (XLE).
Link Posted: 3/13/2011 5:30:55 PM EST
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