Oil and Nat Gas Equities....Now's the time to invest!
With Oil hovering around $41 rather than plummeting....inspite of all of the bad economic situations global wide....That means the price of oil doesn't matter anymore.
Now is the time to *strike* if you haven't already done so for some shares of Oil and Nat Gas equities.
I may be a bit naieve...But I am not a fan of oil companys that merely manufacture and sell Oil Rigs. I am not a fan of a purist OIL or a purist Nat Gas stock either.
I'd grab some shares of a healthy mixture of OIL and Nat Gas companys like (CHK) or (EGY) or Anadarko or (LINE) or whatever....scoop em up now. Share prices have bottomed to a level that supports OIL at $40.
In an ecomomic recovery the first thing to recover is OIL and NAT GAS and then METALS (although Gold sure has run up quite a bit already).
The catalyst though is that alternative energy won't replace OIL and NAT GAS during anyone's lifetimes. And with the remote possibility that NAT GAS gets used as a bridge fuel....Then what do you have to lose?
Yesterday's market disaster provides an opening for cheaper prices into these commodity stocks.
(CHK) at $13.XX when last week it was around $15.50 is indeed a bargain... No company loses $2 in stock price value based on fundamentals in a single week unless you are a BANK or an INSURANCE company or a CREDIT CARD company.
The choice between FINANCIALS / HOUSING / STEEL / OIL & NAT GAS / CONSUMER non-cyclicals / CONSUMER Cyclicals / FOOD & BEVERAGES
Which sector do you think outperforms the others in the next 2 years?
Is a PEPSI more important to you than heating your home and fueling your car?