Time to get Long Oil

I agree with going long oil. What stocks (or whatever) in particular are you guys looking at?

 

Oil < $100 by years end, a good chance of < $80

 

I like Suncor SU. Don't have any position now but it is very tempting. I can't see oil dropping below $100.

 

This past Fri, OPEC stated they didnt want oil to fall below $100. If it does, expect them to announce production cutbacks.

 

Where is $200 oil???




HAHAHAHAH

People always get sucked into those bubbles....

 

Oil cannot be a true bubble. The price of oil is volatile. That is all. I am an oil bull in the long run. In the short run, no idea. I do not think you guys know either.

 

I'm just curious what makes you a long term oil bull. The fact that new sources are being found and developed everyday. Or the fact that we already have more oil than we can use? Don't take that the wrong way. I'm really just trying to figure out how you can be bullish oil. IMO it was like every other asset class that has ever experienced a bubble. It will settle back at its true value in the next year or so.

 

It see it too.

Anyhow best to wait until just after theelection, to go long.

It's a long term play, maybe two years.
No problem if you are not leveraged, just buy and hold an ETF like USO.

 

UNG on the Ospraie liquidation.

 

That's a little too soon. After the election maybe.