What's beating the energy stocks down? (mutual funds, puts, dividends, Fidelity)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I haven't put much (any) money into "individual" stocks, but, instead use mutual funds. Fidelity has some interesting "natural resource" funds that enable you to diversify not only into energy, but also minerals, etc.. I would think that there are a number of factors working against the oil development stocks besides the BP oil spill. The economy has slowed down and consumption is down. There is a constant "demonizing" of the oil industry in the Govt and the media. Additionally, the constant harping about the need for a "green" economy puts additional pressure on oil, natl gas, etc.. If you can, consider the low price(es) as a buying opportunity.
I have a lot of XOM as my late father and I both worked at Mobil..good dividends and over the last 50 + years has been very good while other stocks have come and gone. I'll take my chances on it.
I agree with Oildog. Time to buy more now that the price is down. We will not stop using oil anytime soon. It is key not just to transportation but many aspects of manufacturing and food production. In just a few years, the Socialist will be out of the White House, and things will change for the better.
I did some online reading. They are attributing it to Hurricane Alex.
They always have some big picture item to blame for every dip and gain, but in reality its nothing more then sheep herding mentality and a small piece of news.
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,770,610 times
Reputation: 7185
Quote:
Originally Posted by Randomdude
They always have some big picture item to blame for every dip and gain, but in reality its nothing more then sheep herding mentality and a small piece of news.
They correlate well with emerging markets indices. Almost all of the additional demand is coming from the developing markets. Overlay a chart of FXI (China Xinhua 25 index ETF) with the XOI (AMEX Integrated Oil index).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
