Quote from letsrun:
If I was really sure oil would go any where above 80$, I'd buy XOM
dude check out the earnings XOM posts ... (the following fact is real... no company in the world history has ever made the net income XOM made last year
Quote from michaelscott:
If your looking for a double or triple, a highly speculative trading stock then I say look at the small/micro cap drillers/explorers that trade in the single digits. They can be found here:
http://biz.yahoo.com/ic/123_cl_pub.html
However, if your looking for more of a safehaven investment that you wont lose your shirt if things turn quick then I say look at components of the XOI. You'll have to go to the charts to see which one is most preferable...
Marathon Oil MRO
Exxon Mobil XOM
Chevron Corp CVX
Sunoco Inc SUN
Total 'b' Ads TOT
Conocophillips COP
Royal Dutch Shell PLC ADS RDSa
Bp p.l.c. Ads BP
Valero Energy VLO
Hess Corp HES
Occidental Petroleum OXY
Anadarko Petroleum APC
Repsol Ypf S.a.ads REP
Components of the OSX or oil service index dont seem to be as bullish as the XOI components.
Finally, one great animal of a good reliable trading stock is PTR or Petrochina.