jamookey

Your Oil Stocks Aren't Coming Back

Posters,can anyone posting here come up with an energy stock,oil or nat gas with a sell rating on it?

Your Oil Stocks Aren't Coming Back

Gee wiz REFORMED,you copied my post exactly but added in the idiot remark which I did not make.If you feel like a idiot,too bad,I didn't say that so stick to the facts.I own MLP's I bought at rock bottom lows in November.I have been picking up a few shares of RIG in the high 40's,EAC in the high teens.No large positions,but I buy when they reach ridiculous levels.I sold out of most of my integrated oil stocks when oil was at 140$.True they went a little higher,but I made some money.Invest the way you like,I could care less what you buy or sell,just don't put everone in the same boat.

Your Oil Stocks Aren't Coming Back

Wow,what a diverse bunch on this board!True that oil and related stocks will not achieve new highs any time soon,but there is no doubt that oil fields are being drawn down on an ever increasing rate.This temporary bump in the road called a "global downturn in the worlds economies" is just that,a TEMPORARY condition.If you believe oil and related stocks are finished ,you better not buy ANY stocks in anything,just keep it in cash at one percent return.If the economies of the world are heading into depression,stay away from stocks.If you believe that this is not the end of the world,then you know that with economic recovery comes increased energy use.No way around it.I don't give a crap about the posters talking about momentum swings,etc.They are just traders in for a quick buck.There are guys alot smarter than the ones on this board that KNOW that there is going to be a terrible energy crisis in the years to come.There are no new major oil fields to be discovered.The known supplies will run out,with no real credible substitute in sight.Think oil is finished?Better think again.Population growth alone will drive oil and other commodities in the years to come,but if you believe like the author just sit back and watch the rest of us make money.

Your Oil Stocks Aren't Coming Back

I hope that child is not counting on the author's investments for her/his future.This is the dumbest article I've read on ALPHA.And that says alot.because I have read some pretty dumb things here.It's like taking lessons on investing from Cramer.