Do you think the price of Oil will go up soon or mid-year?

Question

Good time to by some options in Oil related companies?

Answer 1

I think oil is pretty cheap right now. There is not much interest in oil related stocks. Many of them are getting dumped. That is usually a good time to buy. I think if you are investing for the long term, buying oil stocks now is a good move. Short term, these stocks may be going even lower. If you want to find some oil stocks, check out the following portfolio:

http://www.top10traders.com/ViewPortfolio.aspx?userID=8

This portfolio is from http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Hope this helps.

Answer 2

Oil companies are pretty much priced at oil going for $40 to 50 barrel. The high price has created a lot of production which will depress the price for a while. So the oil stocks are good dividend or defensive stocks, but are not great growth companies.

Answer 3

When it gets cold in the Northeast, oil back to $60 and then up from there.

Answer 4

summers and hollidays