Oil Is Up, But Oil Stocks End Down for the Day
Posted Wednesday, July 2, 2008 by Sean Brodrick
Even oil stocks couldn't dodge the carnage in the broad market today. Oil stocks sold off a bit this morning as oil prices moved lower. But then when oil prices moved higher -- buoyed by bullish inventory data -- oil stocks didn't rise with crude. Instead, they were sucked lower as the major indices went into the tank.

Take a look at the IEO, a leading index of oil explorers and producers ...

I know this can be disheartening, but try to separate short-term noise from the fundamentals. Investors are spooked by the bear market going on in banks and other non-energy sectors. So, they booked gains where they could find them and went to sit on the sidelines. While I don't blame them, the longer-term trend for energy stocks should follow energy ... and that's higher.
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Higher Oil and Hot Air
Posted Tuesday, April 22, 2008 by Sean Brodrick
I talked to Phil at HoweStreet.com yesterday on a range of topics. You can listen to that interview here: http://tinyurl.com/6oy3m8

Oil production is taking a cliff dive in Mexico. The state-run oil company, PEMEX, announced that its production fell 7.8% to 2.91 million barrels a day in the first quarter and exports dropped even more, by 12.5%. Yowch!

And then there's the news from our friends in Saudi Arabia. The world's biggest oil exporter says it has no plans to beef up its oil production capacity beyond what it had already targeted for 2009.

I have to say this is making me feel more secure about my energy investments. How about you?
 
Finally, Red-Hot Commodity ETFs subscribers, remember the members-only free Webinar today: Click here to register now!  If this works out well, I plan to do webinars for the other services as well.
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