Jase

Rising Crude Prices: Not Necessarily Good for Oil Stocks

Nate: in just a few weeks, most major oil co's will announce their most profitable quarter in decades (a few like Conoco, Exxon, and Chevron are likely to set new all-time highs). Personally, I'd much prefer to hold their stocks through June/July earnings than hold the commodity itself. The recent correction last week have left most of these at very attractive prices. (Anyone here taking the opposite view? If so, would love to hear your reasoning.) I'd be surprised if Exxon doesn't break $100/share within a few weeks. I'm long some of these companies by way of several ETF's.