I am talking about Exxon, Total fina and BP, will their stock prices rise or fall in the next month? Typicaly they dip a bit at the start of spring and then jump during driving season starting May.
What are your predictions?
2007-03-06 02:03:24 · 4 answers · asked by George 3 in Business & Finance ➔ Investing
I think a better play will be OIH and quite probably HAL.
An oil agreement in Iraq appears imminent. This agreement would effectively award Iraq's oil to US oil companies. Iraq having the world's second largest oil supply, this could actually serve to drive down the price of oil. On the other hand, developing the oil-rich land and building modern oil-well infrastructure will likely prove profitable. I have to believe that a massive chunk of that will go to Haliburton.
2007-03-06 02:40:16 · answer #1 · answered by AZ123 4 · 1⤊ 0⤋
Next few weeks? I have no idea. But, the long term value is undeniable. As long as Americans prefer gas guzzlers to non-gas guzzlers, how could you possibly go wrong? I do believe though I would partake of the production companies as opposed to the integrated oils. They are too subject to the screw ball politicians' whims.
Maybe also VLO. I believe that there is a current shortage of refining capacity.
2007-03-06 02:23:08 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Big oil may rise slightly..( the world hasn't changed) but the quicker gains in the sector may be pure " refiners" ...gasoline prices ( and their direct profits) should climb from now 'til mid- summer. I like TSO and FTO
2007-03-06 03:08:48 · answer #3 · answered by jebediabartlett 6 · 1⤊ 0⤋
I think they'll rise, but why on earth would you listen to me?
2007-03-06 19:51:04 · answer #4 · answered by Katherine W 7 · 1⤊ 0⤋