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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (24273)7/8/2006 1:05:27 AM
From: bruwin  Read Replies (1) of 78774
 
E_K_S, I'm very wary of any company whose business is very dependent on the price of a Resource over which its Management has no control.
My strategy is based on Investing in a company for the medium to longer term, and not Speculating on its price performance due to particular circumstances at the time, such as "Will Oil stocks go up this week because of a bomb blast in the Middle East ?"

In my opinion certain Oil stocks would fall into that category probably more than others. Those companies that refine oil may not be that sensitive to the oil price than are others.
After all, we currently MUST have our oil on a daily basis, so refiners WILL always be doing business. So it's a case of how well they run their business etc.. etc.., and that we can determine from what we see within their Income Statements and Balance Sheets.

And, Yes, I do have BRY in my portfolio. I liked the look of the company at the time and bought some, probably "in a moment of weakness" !!
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