The oil companies profits seem to do nothing but increase! Would this be a good time to buy their stock?

Question

Should I invest in oil companies right now? They do nothing but make more money. And people are saying that gas could be $7.00 per Gallon within a year or two in the USA. That should equal more profits for oil companies.

Should I invest in them right now?

Answer 1

No.

Answer 2

I dont think so.  Their refining margins are kind of weak because the price of oil has gone up so fast.

Answer 3

no they are already inflated.

Answer 4

No, that ship has long since sailed.

Answer 5

I will say Yes!!!! Because of the news i read.

Crude Oil crossed the $140 level minutes before the New York Mercantile Exchange closed Thursday, then retreated slightly to settle up $5.09 at a record $139.64. In after-hours electronic trading, prices rose as high as a record $140.39.

Oil’s latest milestone came as Chakib Khelil, president of the Organization of the Petroleum Exporting Countries, said he believes oil prices could rise to between $150 and $170 a barrel this summer. Khelil also said prices will decline later in the year, and aren’t likely to reach $200 a barrel.

I had already made good amount of profit in this sector as my dealers finexo.com intimated me before about price hike. This peice of information is also given by Finexo in the morning analysis section.

Answer 6

what goes up...... must come down... besides... you come too late in the game......it will hit resistant level soon......