Friday, January 12, 2007

Long Term Oil

Let's talk about the oil sector for a moment. As of right now I'd consider buying oil as a contrarian play, and I'm buying Out Of The Money Calls, dated out to July 2007. OPEC will cut, weather should get a little colder for a bit, and then of course summer driving season! Here are some great ideas that I would have you consider playing. Disclaimer: I'm not a financial advisor.

Chesapeake Energy Corporation (Public, NYSE:CHK)


Peabody Energy Corporation (Public, NYSE:BTU)


Caterpillar Inc. (Public, NYSE:CAT)

7 comments:

Ragin' Cajun said...

I would buy AUG calls, give you more room for hurricane season. Just my humble advice from a guy who lived through the worst fucking hurricane of all time. (That dirty slut Katrina! Damn i hate that name!)

Chris said...

This is also an idea I am researching this weekend based on the reasons you list. Accuweather came out with a long range forcast last week that shows brutal cold over the US for the next two months. The high temps on Wednesday are supposed to be near 30 (It was 72 last week in NYC). We haven't had any snow to date - amazing here in central NJ.

Mike said...

I see the base in CHK as a potential bullish opportunity. Just wanted to point out that the company is more levered to natural gas than oil however.

Barbara said...

Zentorimos rece velass. Vonacorringi pas ya esteirad, yo. Keta todose par jullao spiede bantes... Yoggie joverrarindo io kri zen ziosoffo ker! Ammese reza, home xir?

Jae said...

If you are quite certain about oil price rise in next few months, would it not be better to trade Oil futures?

Anonymous said...

oh well, better luck next time. your options must have been spanked hard today.

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