iShares Dow Jones US Oil & Gas Exp.(ETF) (AMEX:IEO)
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I just don't have a good vibe with this stock. I owned it a while ago when it was in the $50's and now it is down in the $30's. Maybe a good entry point, but I don't see this stock going anywhere in the near term with oil holding around $40 a barrel. Maybe I'll change my tune in a year or so if the US ever gets serious about energy independence which Obama sounds like we will? But I've heard that before.
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All you have to know is if it invovles oil it will do good until the day it is all gone. Until the it will become a more precious commodity everyday.
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Catching when oil $38 / barrel and hoping oil to be $ 100/ barrel.
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US Oil exploration
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greater emphasis on oil exploration by years end.
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good industry, automatic diversification
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oil company's are all making a killing at our expense
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I THINK THIS IS A GREAT STOCK TO KEEP A EYE OWN
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will go up with the price of fuel
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Oil, and Gas...that's all I have to say about that!
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Oil and gas will be need for the super charged chines. They used to drive bike's now they all won't cars. So this stock will keep going up and never look back.
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This stock is based heavy in exploration for Oil and Gas. as the base of easily obtained feilds drops the need for added explorations will continue to increase. Many scientist believe that we may have already hit the top in production and that over all production will continue to reduce of the coming years. In the short term increase demand in devopling counties make oil a long term win for the investor if not the enviroment.
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peak oil is scaring everyone
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China has an unquenchable oil thirst.
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