If you expect oil to keep going up in price, then which are good oil stocks to invest in?

Question

If you expect oil to keep going up in price, then which are good oil stocks to invest in?

Answer 1

great question. PBR will likely have the largest earning report of any corporation ever. PBR recently announced the discovery of an oilfield that could be the largest discovered in 40 years. Technical problems abound and the oil is not able to be drilled at this point. PBR now has 70% of the worlds deep ocean rigs under contract. Deep shore rig operators like Transocean (RIG), Diamond Offshore Drilling (DO) and Noble (NE) should continue to do well.  Look for stocks that have pulled back. Also look for counties that are exporters of oil such as russia and brazil. The oil sands of canada will increasingly become more important. BQI is on of the largest land holder of oilsands. NOA will be one of the companies doing construction for all the companies. Connacher Oil and Gas Ltd. (CLLZF.PK) is a Canadian oil sands play with great potential.

Answer 2

(GTE) GRAN TIERRA ENERGY

Answer 3

Most oil company stocks are already above the means of the aveerage investor.Find a co-op or other company that allows public trading that is going to be starting a biofuel plant.Getiing in on the ground floor of a starting company is easier.

Answer 4

These are the stocks I like to play oil with

OIL

USO

Answer 5

Hi,

Maybe your best option is not to invest in an oil company at all. You should consider investing in an Oil Exchange Traded Fund (ETF). These funds aim to replicate the performance of the price of crude oil itself. This is achieved by the fund investing directly in oil future contracts (too expensive for small individual investors like us!)

The advantages are these funds are a purer way to invest if you want just exposure to rising oil prices.

Their performance is much less correlated to the general stock market than the stock of an oil company would be. This is a great advantage when markets are falling as they seem to be at the minute.