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View Full Version : is it a good idea to buy stocks in oil companies

SexyTemptress
May 7th, 2006, 07:37 PM
b/c gas prices are rising a lot. has anybody made money doing this?
FatGeezer
May 7th, 2006, 07:39 PM
b/c gas prices are rising a lot. has anybody made money doing this?
loll!!! if you think the price of an end product has anything to do with the companies stock price I'd REALLY advise you against it....



why dont you instead buy some drums of oil intead and sell them in a few years when theyll be worth more?
loved_guy
May 9th, 2006, 07:45 PM
Oil stocks are good...but Gold is even better..ull surely make more in Gold co. stocks than Oil right now...coz the US $ is going in drains very soon...
bigkid
May 9th, 2006, 08:15 PM
Yeah it is a good idea because the middle class income bracket 50-70 g's isnt effected enough over gas prices to make changes to become independant of their reliance on fossil fuels.

My friend has already done it :D
I have moral issues with fossil fuels
see the Global Warming thread :neutral:
Sphinx7
May 9th, 2006, 11:47 PM
people already been made money off of GAS stocks, ethanol.

Gold is really the big screen here, the gold bullions etc. Gold is on the rise along with precious metals. Gold is rising because the US dollar will collapse soon.

Peace.
choo_$$choo_$$
May 10th, 2006, 04:15 AM
a lot say gold, but which companies ya think????


ethanol.......for gas and oil....hmmm:think:
FatGeezer
May 10th, 2006, 04:31 AM
people already been made money off of GAS stocks, ethanol.

Gold is really the big screen here, the gold bullions etc. Gold is on the rise along with precious metals. Gold is rising because the US dollar will collapse soon.

Peace.


the price of gold itself always goes up during times of war but over time the VALUE of gold depreciates relatively.
WakingLife
May 10th, 2006, 02:29 PM
You're about 3 or 4 years late on that boat.
reaz
May 10th, 2006, 06:22 PM
probably not any oil company. HAL is a good buy at the moment.

but apparently the gold sector is doing well because of the declining dollar.
dandiwal_jatt
May 10th, 2006, 06:34 PM
how do u buy stocks? can u do everything online?
loved_guy
May 11th, 2006, 02:25 PM
how do u buy stocks? can u do everything online?

Yes u can do everything online. You just need to open up a cash/margin account with any bank and then buy/sell stocks from the banks website. U might need to subscribe to other websites for getting Live stock quotes and and u paya certian fee for it.
reaz
May 11th, 2006, 06:15 PM
you could do it all online.. you can do it through a stock broker or your bank even. figure out the fees and go with what works best for you..
random_buoy
May 27th, 2006, 07:32 PM
As of now, it doesn't seem like a good option. Reports say that gas consumption decreased in April. If the US goes to war against Iran, we could see oil hitting $100 a barrel.
labtec12
July 16th, 2006, 11:50 PM
unless you have a significant amount of money to invest, it wont make a difference, major oil companies shared range from anywhere between 60 - 100 bux, now if you have like $500 - $1000 to invest.. better off going for a mutual fund, because the P/E Ratio isn't that high considering how volitile energy stocks are these days.. unless your just have money laying around.. then you can go for some high risk stuff E.g. Energy, Financials. It would be a gud idea to margin ^^ as someone said, but if you dont have any prior knowledge of investing, then I would prolly advise you to vist a Stock Broker... just so you dont screw up lol..