I am very skeptical since "The convenient truth", (A. Gore) if it is true, they will be worth nothing in a few years. Be nice if they hit $100 barrel then I would definately sell!! Then if they hit $100, the fall out would be devestating. Double edge blade.
2006-11-21 23:25:35 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
I'm a long-term investor and believe in holding stocks... for decades. If your gut, however, is telling you to take a profit... there's no harm in it. And if you think some other stocks show more potential, no reason to hold off reinvesting in those. As for me, I'm keeping my oil stocks... indefinitely.
2006-11-21 23:44:42 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
To answer your quesiton specifically-
Obviously, as a commodity, oil will fluctuate in price. That is a given.
The other given is volatility in certain areas of the world.
Part of the price rise in oil is due to most oil reserves being found and explored are in more volatile climates. Accompanying these areas increases risk.
Since you mentioned having "oil stocks" and not knowing what they are, you might want to diversify in the oil sector and look at some top big caps, like an Exxon or Marathon and add a driller or explorer.
RIG, SLB, NBR, NOV, would help diversify yourself.
2006-11-22 13:44:05 · answer #2 · answered by G M 1 · 0⤊ 0⤋
Completely ignore Al Gore's nonsense as regards real money investing. Just deal with the facts & the outlook for the stocks. Without knowing the details no 1 can tell you to sell or hold.
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2014-10-06 23:46:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Well, unless scientists learn alchemy and turn nothing into oil. Then oil prices will just go up, up, up! Oh, and visit this blog if you want to read a variety of articles about making money online: http://millionairex.blogspot.com
2006-11-22 08:52:17 · answer #5 · answered by thy1 2 · 0⤊ 0⤋
What oil stocks do you hold, exactly and what is the price you paid for them and when and how many shares do you have and how much money do you want to lose and how old are you?
2006-11-22 16:42:55 · answer #6 · answered by Anonymous · 0⤊ 1⤋
in india never buy oil stocks
2006-11-22 08:28:38 · answer #7 · answered by mannu 1 · 0⤊ 0⤋