Anyone Buying Oil Futures or Oil Companies?

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[ARCHIVED THREAD] - Anyone Buying Oil Futures or Oil Companies?

Posted: 3/9/2011 12:23:16 PM EDT

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.

Posted: 3/9/2011 12:38:09 PM EDT

[#1]

I don't invest in that part of the industry (drillers). Mostly because they're a little harder to dig up intel on. I have about 80-100K$ split up between some of the majors (share price, buy and sell) and royalty trusts (income).

Posted: 3/9/2011 12:50:44 PM EDT

[#2]

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.

Posted: 3/9/2011 1:15:30 PM EDT

[#3]

I'm into XOM and COP as well as a couple of nuclear plays.
Also look at the equipment end of the biz.

Posted: 3/9/2011 2:34:18 PM EDT

[#4]

cvx

had xom but canned it. should have held on to it.

Posted: 3/13/2011 1:14:35 PM EDT

[#5]

Short XOM from 83, and XLE from 77. Pull back is a comin...

Targets are 75 (XOM) and 67.5 (XLE).

Posted: 3/13/2011 6:30:55 PM EDT

[#6]

Quoted:
Pull back is a comin....

I think you're correct on that. I'm not shorting, but I'll be stopping out.

[ARCHIVED THREAD] - Anyone Buying Oil Futures or Oil Companies?

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