TW, Yeah, I think it is a bit too obvious since, if you go back and read the notes from two years ago on this thread, most folks thought higher oil prices were never going to happen. Things change too quickly in commodities to believe that we are set on one path forever.
That being said, I really like natural gas. I think stock holdings in BR and UCL will greatly outperform the market over the next two years, as long as we don't chase them. I expect the deregulation of the utilities industry to be a long term positive trend for gas.
Oil is o.k., but too many people have pushed up too many of my favorite stocks in the services area. That was nice of them, as I owned them at the time, but now I have to wait for the prices to get cheap again. I don't much care for the big integrateds as they are like governments and slow movers. I do like a few of the small producers, ala Plains Resources and Snyder, which is a big gas play, too. |
