No need to buy oil ETF's and all that evil speculation... just buy PBR (Petrobrazil) ... it performs better than any oil ETF... and it will have an amazing earnings announcement this coming quarter, at the novel APRIL and MAY record crude price levels... I am buying another 20,000 shares tommorrow... it always drops about 10% before earnings, then goes up about 30% right into earnings... as the prior quarter price of crude reflects novel amazing earnings for such a large company... this quarter will be astonishing for such a huge company... PBR is bigger than any Oil ETF, and though USO (ETF) has doubled in value in one year, PBR had quadrupled in value... and it pays a dividend to boot... so no need to even speculate with evil ETF's just buy PBR ... read about it... I have done well ... see also NE (sells oil platforms to PBR) also check out STR for a clear US based company success... read about STR (QUESTAR) and NXY (Nexen canadian oil exploration, drill, service, etc)... also SWN to be added today to the S&P 500, which should get it a pop...you will be glad you did... warmest regards ... The STOCK ACCUMULATOR
A better play would be to just buy STR, QST and NE. One is assured to make money within 2 months at their current prices. More continued movement than buying, say USO. I plan to buy several thousand shares of each in next few days. They have not even kept up with the current price of crude. They have more room to go to just catch up with the current prices of oil. Read about these three great companies. You will be amazed.
'Index Speculators' Hoarding Commodities [View article]
'Index Speculators' Hoarding Commodities [View article]
'Index Speculators' Hoarding Commodities [View article]