So... when is everyone going to start unloading their oil stocks?

[jsamuel]

It is at 75 and just a few years ago it was at 25. I don't know, but if I were invested right now, I would certainly be sweating it.

[babylonsister]

1. Are you SERIES?!? There's no where to go but up-up-up!

Disclaimer: I own none, but don't see anyone unloading anytime soon.

[skids]

2. They ain't going back down.

Feel free to keep dreaming, though.

[jsamuel]

3. well, I'm not dreaming. I just know that when things peak, people unload.

the question is, is it peaking?

[TheFarseer]

4. not going to happen

it might go down short term over the winter, but overall trend has to be up. Supplies are dwindling. Demand is only going up. Viable alternatives won't be online in impact quantities for at least 5 years - if we ever quit messing around and get after it.

[jsamuel]

5. that makes sense except when you account for the fact that the futures

market is what has been driving it. That is why I think it COULD go down drastically.

[TheFarseer]

10. As long as the fundamentals say up

it won't go down too far. The futures market tends to exaggerate fundamentals, they normally don't ignore them for long. Unless the fundamentals change, it's extremely unlikely to go down significantly or for very long.

[Nite Owl]

6. Could be soon.

Charts aren't looking too good. Long term trend is still up but this correction could be painful for those holding long.

[Skink]

7. It could go down....

unless we take Iran's oil off the market. Opec countries like Saudi Arabia are moving to cut production because of over supply. We are not running out.
An unstable middle east is an oil persons boanza.

[OxQQme]

8. How many here own oil stocks?

Seems kinda heretical.....just saying


or GE/Raytheon/Lockheed/Westinghouse/IBM/et al

[RB TexLa]

15. I bought oil stocks right after the SC ruled in the Florida recount

they are the only North American stocks I didn't sell after 9-11

[Bigmack]

9. Saudis are cutting production...

because their fields have peaked.

I'm into Canadian oil and gas. I ain't pulling out.... or cutting and running, if you will.

[TheFarseer]

11. what are some Canadian oil companies?

I'm pretty high on oil companies and foreign companies and that fits the bill on both counts! I feel ike a louse for betting against my own country but I've got to get paid.

[Bigmack]

19. I'm into Fidelity Canada Fund....

it's a TSA. Bought at $32.48 and now it's about $45.50

I bought it when * stole the 2004 election. Told Fidelity I wanted out of the US. Did they have any foreign funds? Yes. How about Canada? Yes. Put it all there. I didn't even know it was Candian Gas and Oil. Over 40% in less than two years. Thanks, Dumbya.

Pay no attention to my choice. I only moved my money because I was pissed at * and this country. It's like betting on a horse 'cause it's pretty!

Look up Fidelity Canada Fund and see where they have invested.

[DemInDistress]

12. I expect to see oil hit 100 $ bbl. sooner rather than later..

what with the impending Iran crisis (lol) chances are we'll see maybe 150$ bbl of oil. So, there goes the global good days.
It's obscene ...

[jsamuel]

14. I don't know... all these expectations...

I would be concerned if I did own some. Just seems like all this speculation could turn around and a whole lot of people who got in at 50,60,or 70 will have problems if it goes down to 30 or 40 again.

[brokensymmetry]

13. I own oil stocks. I'm continuing to accumulate.

They may fluctuate - I'd love to see a 20% decline so I could
buy more - but the value of oil is going to do nothing but go
up.

If you think $75 per barrel is expensive, you ain't seen
nothin' yet. Get ready for the day when you will look
back on $100 per barrel is incredibly cheap.

[Warren DeMontague]

16. If you live on a planet crammed wall to wall with full-time junkies

Heroin stocks are probably a good investment.

[dogfacedboy]

17. I bought into oil @ $30.00/bbl

I cashed in last week. I have a son in an expensive college, and I needed the cash. I'm just a blue-collar guy, and my life isn't bad, but I want my son to have the decent education I didn't have. I do all of my meager investing/divesting based on recommendations from my bro-in-law. He's a financial wiz (fund manager).

[jsamuel]

18. Exactly. I think you did the best thing possible.

You bought low and sold high. Perfect reason to cash in too.