Other leading energy stocks that are trading higher today are ConocoPhillips(NYSE:COP), Devon Energy Corp.(NYSE:DVN), and Noble Energy Inc.(NYSE:NBL) just to name a few stocks. As long as the Federal Reserve Bank continues to create new cash reserves hard assets such as oil, energy stocks, and most other commodities may trade higher as investors look to replace the U.S. Dollar as the reserve currency.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.