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 Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (40314)11/29/2010 4:42:06 PM
From: GrantcwRead Replies (1) of 51629
 
TOT and E - Yes, your points are valid.

I basically rode up SGY and GEOI recently and sold them but still wanted to hold oil companies. I'm not sure when oil is going back over $100 a barrel, but I want to have a good sized position in oil companies when it does.

I agree that these two companies are not favored right now for various reasons, but they did bounce pretty high the last time oil went over $100 and I'm hoping they're ready to move again. In the meantime, I feel that their value characteristics and size will make the downside risk lower than other plays right now.

Thanks,

Cwillyg
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