Just discovered this website through the referral from a colleague.
This is my first question.
From what I've been seeing on television regarding Iran I believe that within the next few weeks oil stocks will increases significantly my question to the community is which stocks do you feel will increase.

Thank you,

All of them.

Significantly? Doubtful, but all of them will go up.

Its not like Iran oil vs Iraq oil vs Saudi oil is bought and sold at separate prices. WTI and Brent are it.

yeah but you want to make sure you have ones that dont have any production in the middle east.

It's simple: Exxon Mobile

http://seekingalpha.com/symbol/xom?s..._general&s=xom

Thanks
Things are starting out on the right foot
I have much to learn and I believe I'm at the right place for it

. . . . . to be continued !

I just bought 35 shares of exxon mobil at limit price $84.

GL to us

Anyone like RIG here? Looks pretty beat up. This was one of my favorites a few years ago with the GSF merger. Seems like the BP spill is over.

I've got a gtc buy order in at 43, I hope it hits.

I liked the upside potential of Conoco Phillips ( COP ) over Exxon.

Does now seem like a good time to invest in oil ETFs/stocks? I was looking at something like USO if it breaks the $40 level. Seems like, long-term, it's a no-brainer to invest in oil since there are basically no good news in the world atm.

OK, now let's see how things will start to turn out on the stock market on Monday further to the decision that Iran will halt oil sales to France and Britain.

For more info on this click here and here.

Closed Monday.

i would assume halting the oil would make the stocks up?

Slippage is a consideration when holding ETF's like USO beyond the immediate short term.

As to no good news in the world, that is more a function of human psychology and the tendency to dwell on the negative and ignore, disregard or take for granted the positive.

I am looking at stocks like CXO, CLR, EPM, FPP, and EXXI. I currently have a small position in CXO, EPM, and EXXI with modest gain. I think CLR might work out but it went up too far too fast for me. Back in 2008, oil price was skyrocketing and there were ton of moneys to be made from oil stocks, such as CLR, PDO, and MXC. (Go to google/yahoo finance and check their price vs oil ETF in 2008 to see how they moved.)

I doubt the oil price will increase as drastically as in 2008, but the bottom line is, if the oil stocks move, the ones with the best growth story will move up the most. In the meantime, XOM was a laggard back then. Maybe things are different this time, but it is just too big of a company to justify a big price movement. It will certainly be a safer bet, but I don't think it will be the best performer in the group.

FYI, most of these companies have earnings release next Thursday so things might be very volatile. Happy trading and good luck guys.

AFAIK the total import % by Britain and France from Iran is a very tiny number (1-3%) so if oil prices do go up, it will be mostly based on fear imo.