Market Challenge: Oil, Energy Stocks Soar

| About: The United (USO)

Summary

Once OPEC announced a deal to cut production, shares in energy firms soared.

This morning, oil soared past the $50 mark.

Your thoughts on energy stocks and oil after the OPEC deal?

Offer your opinion below!

Update: Poll results are in.

  • I'm sticking with the big oil and gas firms (XOM, CVX, COP) - 36.7%
  • I like the E&P stocks - 8.9%
  • How about offshore drillers? - 3.1%
  • Consider energy services companies (HAL, BHI, SLB, etc.) - 9.7%
  • Overseas energy giants are the best bet (BP, RDS, STO, etc.) - 9.7%
  • Invest directly into the commodity - consider ETFs - 3.7%
  • On a fence - let's see how OPEC cuts work out - 18.4%
  • Sell energy stocks - new highs mean it's time to take profits - 9.7%

We had a strong response to today's poll. Thanks to everyone who participated. We will be back next week for more Market Challenge!

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It's a good time to be an investor in oil stocks.

Once OPEC announced a deal to cut production, shares in energy firms soared. Those details can be found here.

This morning, oil soared past the $50 mark.

Are you now bullish on oil stocks?

Your thoughts on energy stocks and oil after the OPEC deal?

Offer your ideas below!