Drill Baby Drill? Maybe not really - Alex Salkever

Sign Up | Log In | What is SocialPicks?

Drill Baby Drill? Maybe not really
May 26, 2009 11:00 PM UTC

Alex Salkever

Return	Risk
-60.14%	LOW

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
ETF	n/a
OIH	n/a

Via BloggingStocks:

Filed under: Forecasts, Commodities, Oil

Oil driller stocks have long been a favorite of hedge funds (and Karen Finerman of "Fast Money") and something of a proxy for expected movements in oil prices. During the huge oil spike last year, the Oil Service HOLDRs (ETF) (NYS: OIH) Oil Services ETF shot the moon. Buyers bid up issues of the underlying companies based on expectations that persistent oil prices in excess of $100 per barrel would make exploration and extraction of hard to reach deposits financially viable.

Continue reading Drill Baby Drill? Maybe not really

Drill Baby Drill? Maybe not really originally appeared on BloggingStocks on Tue, 26 May 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.