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Strategies & Market Trends : The New Economy and its Winners

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To: Susan Saline who wrote (57252)	12/24/2014 11:37:44 AM
From: Doren	of 57684

That all depends on your situation and risk tolerance and time factors. For me I'm waiting for the price of oil to stabilize first. It may be doing that now, or it may just be resistance and drop further. I think if it doesn't stabilize around this level it may drop to around $40 since that's a break even price for a lot of producers. Supply would be severely constrained at that point, leading to an inevitable rise. Another point is SUVs and full sized trucks are selling like hotcakes right now. This happen previously during the Clinton Admin leading to oil prices doubling in the last few months of the Clinton Admin, which I believe also triggered the dot com crash about 2 months later. I'm looking at Haliburton long term because they've taken a huge hit. They make equipment for oil drilling/pumping. Their competitors are Schlumberger Limited (SLB), and Baker Hughes Incorporated (BHI). Possible shorter term plays might be United States Oil ETF (USO) or United States Brent Oil ETF (BNO), both have taken huge hits. BREAK EVEN PRODUCER PRICES 10 Saudi (Iraq/Iran?) 20-40 Nigeria 30 Venezuela 40 Alaska 40-60 Onshore Russia 40-70 Shale North Dakota 40-70 Eagle Ford Texas 40-80 Permian Texas 60 North Sea 50-100 Tar Sand Canada Here are some charts that may be useful to you: etfdb.com HAL vs SLB vs BHI 3 month chart As always you must make your own choices and accept the consequences.

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