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As long as people are tracking beaten-down sectors, another one to watch is semiconductors and semiconductor equipment. The group tends to track the Chinese stock market. Many of these stocks, such as Intel, KLA Tencor, Applied Matierials, etc. are down 20 to 40% as are some of the networking equipment stocks.
Seeing some articles on oil production stocks and hedging. It looks like many of the firms have hedged at an average price of around $80/barrel for the rest of the year and plan to roll out hedges next year so they can sell their production at around $60/barrel.
Yea, I noticed that article and their are others saying oil is going lower...but for each one of those you can find an article saying oil is going higher.
really dumb question....But what plays are you folks using to buy this price in oil? It's cratered, and is an obvious BUY to me. Buy and hold, I might add. It will be coming back, and I want a piece of the recovery when it does!
really dumb question....But what plays are you folks using to buy this price in oil? It's cratered, and is an obvious BUY to me. Buy and hold, I might add. It will be coming back, and I want a piece of the recovery when it does!
I just read this entire thread, with a chart of an oil sector ETF on the side of my screen for reference. What I've learned is that C-D members, like most 'investors', are clueless, but entertaining at least.. Sure, YOU say buy based on historical prices, but the millions of market investors who look FORWARD aren't as bullish to say the least.
For the record, I did buy some shares recently and plan to hold, but I'm humble enough to admit that it's a gamble whether I will see any returns in 2-5 years.
I think it will be in the mid to high 30's, but don't think its going anywhere near $20 like some are calling for.
There is no reason it can't go there.
It can go "near" $20 without hanging around for long.
Remember that unlike wheat and copper, you can't produce it and store it in a warehouse ( or out in a field ) and wait.
Quote:
Originally Posted by ashpelham
really dumb question....But what plays are you folks using to buy this price in oil? It's cratered, and is an obvious BUY to me. Buy and hold, I might add. It will be coming back, and I want a piece of the recovery when it does!
You can buy stock in any oil company, buy an ETF or an ETN. You can even invest in an oil well if you are so inclined.
For the oil majors, you get paid to wait, so if you are right, but early by a year or more, you can collect some cash from your investment.
It can go "near" $20 without hanging around for long.
Remember that unlike wheat and copper, you can't produce it and store it in a warehouse ( or out in a field ) and wait.You can buy stock in any oil company, buy an ETF or an ETN. You can even invest in an oil well if you are so inclined.
For the oil majors, you get paid to wait, so if you are right, but early by a year or more, you can collect some cash from your investment.
No matter what you decide, don't buy all at once.
I never said it couldn't go to around $20, just didn't think it would. Many that are predicting $20 are so based on where oil was back in the 1980's and 1990's. I just think that $20's back in the 80's and 90's is like $40 now.
There is still a long way to go for oil to get down to $20 and could just as easily go to $60. I really think many buyers will be coming back in and buying oil in the $30's and low $40s.
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. Sure, YOU say buy based on historical prices, but the millions of market investors who look FORWARD aren't as bullish to say the least.
