With oil prices heading to $70 or more, owning oil stocks is a must for any investor looking to generate maximum returns.
Crude traders are betting that a stronger economy will result in increased demand for oil. At the same time, OPEC is holding firm on production cuts that reduces supply.
And let's not forget about the summer driving season which officially kicks off this Memorial Day weekend.
All of these factors mean investors can confidently operate under the assumption that oil prices will go up in the foreseeable future.
The following are three oil stocks that I rate a Buy.
Click on each to learn more:
Oil Stock #1: Tesoro Petroleum (NYSE: TSO)
Oil Stock #2: China Petroleum and Chemical (NYSE: SNP)
Oil Stock #3: Cheniere Energy (AMEX: LNG)
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Reader Comments (Page 1 of 1)
5-23-2009 @ 11:31AM
STEVE said...
Ok market traders are betting that a stronger economy will lead to increased demand. That may be true but, what about the hundreds of million people worldwide that have been forever harmed financially by the past oil runup? What quick fix soup do you have planned that will allow the hundreds of million working families that have had their retirements ruined by trader greed? Oil, hopefully has seen its day. I for one, will be continually vigilant to find ways to extricate myself form the scourge of oil addiction.
7-16-2009 @ 6:42PM
Rudy Nino said...
Steve well said:..."what about the hundreds of million people worldwide that have been forever harmed financially by the past oil runup?
Can we all also, be vigilant to find ways to extricate ourselves oil addiction.
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