Oil prices settle at record high

[elahi]

Re: Oil prices settle at record high

@Yankee

i am more than interested to know your exit strategy from oil sector.. that is if you are willing to share.. part of my portfolio is oil transportation companies and is up 56% in an year from my entry point.. just dont know when is it time to quit! alternate opinions always fascinate me.. whats your take?

Interesting point
I work in the energy sector myself (am an engineer), my honest assessment is that the long term outlook for oil and gas sector is very positive. Numerous reports state that Saudi production will level of and decrease in the not too distant future.
II’m sure you’ve heard of the Peak Oil hypothesis and such.
So in short, if anything I’ll be buying more. Butof course consider everything carefully. Not all companies involved in the energy sector will enjoy the higher prices we can expect in the future. Individual oil company assetts and strategies along with stock price trends should be analyzed before making a decision to buy more.