2006-07-31 08:58:07 · 13 answers · asked by Giggly Giraffe 7 in Business & Finance ➔ Investing
Why would you even consider selling the stocks you own in oil? Each quarter sees record profits from major integrated oil companies. With increases in demand outpacing supply(capacity and actual) profits will continue to surge. As fossil fuels become outdated, major companies will already have a stake in alternative energy-given that they have the huge amounts of capital necessary to invest in researching it.
Bottom line, hang on to your stock, but be wary of any corporate scandals as that can greatly hurt your portfolio.
2006-07-31 09:02:57 · answer #1 · answered by mmenaquale 2 · 0⤊ 2⤋
It is difficult to make a case for selling oil stock holdings because we apparently have reached peak oil and the supply is diminishing but demand is not.
However! If you own a great deal of oil stocks and have very large profits, it may be wise to lock in some of those profits. The future is uncertain. Maybe someone will invent a way to use sea water as fuel. Maybe Americans will stop buying gas guzzlers. Maybe the world economy will crash. (This scenario looks like the most likely at the moment)
Notice that all the oil drillers are way off their highs. Someone obviously thinks the party is over.
2006-07-31 10:11:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You have oil stocks? And wish to know when to sell? Oil stocks will only grow in your lifetime. There are NO practical alternatives to oil consumption at this time.
2006-07-31 09:02:55 · answer #3 · answered by GRUMPY1LUVS2EAT 5 · 0⤊ 0⤋
Depending on the amount you own, you should have been slowly selling them off and taking some profit. If not don't sell till you need the money.
2006-07-31 09:48:10 · answer #4 · answered by reallyno 3 · 0⤊ 0⤋
When the oil companies can't find oil to replace their reserves.
2006-07-31 18:20:12 · answer #5 · answered by ulchka 3 · 0⤊ 0⤋
When the oil companies start losing money.
2006-07-31 09:56:52 · answer #6 · answered by Yardbird 5 · 0⤊ 0⤋
talking about when. You should know or learn TECHNICAL ANALYSIS of a stock
my suggestion is:
www.stockcharts.com>>>>>click on charts school learn chart pattern and indicators, that is when you should or shouldn' sell your stock
2006-07-31 20:36:35 · answer #7 · answered by Hoa N 6 · 0⤊ 0⤋
Cyanne knows...
Put in a market order right now. You will be glad you did.
Give that girl the ten points!
2006-08-01 18:42:44 · answer #8 · answered by Kevin R 2 · 0⤊ 0⤋
Right about NOW! The fall adjustment may deliver them a HUGE blow.
2006-07-31 09:01:22 · answer #9 · answered by cyanne2ak 7 · 0⤊ 0⤋
You must be making a small fortune from them. Keep them and keep smiling.
2006-07-31 09:01:46 · answer #10 · answered by campojoe 4 · 0⤊ 0⤋