Hi, guys! As you know, oil prices just hit a 6-year low. Big oil has lost big money for investors. In the past year, as crude prices have fallen more than 55 percent, the nine biggest Western oil companies have shed a combined $400 billion in market cap. I personally lost 11k with Exxon. What are your favorite oil funds/stocks? Do you even follow them now? You are free to share your opinion here on any energy stocks.
XOM - a blue chip stock. Makes big long term allocations up and downstream LNG - Priced like an internet stock. Building the natural gas liquification plants and export terminals for American natural gas which is 4-10x cheaper than the world ( except Russia ) CHK and APA - the dominant independent operators Peoples Gas - charging me $40 although the only thing I have used in my new apartment is hot water. What happens when winter comes?
I just bought a bunch of mid stream MLPs and a couple E&P MLPs. Names like: PAA, EPD, SXL, MEMP, RRMS, NTI, ETP, KMI, UAN, ENBL, MPLX. You might also look in to the preferred shares of some of the better E&Ps. I bought some LGCYO. I also have a bit of XOP here. I think buying individual E&P names is high risk. We don't know who's going to go bankrupt so the safer move may be to buy the ETFs. TT
In my opinion, it is NEVER safe for people who are not IN the oil & gas business, to invest in it. Yes, they may get lucky, but there are any number who have nothing but a tax loss to show for their money. It is unlike any other industry, and their is no substitute for actually KNOWING it.