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Shezz
Beginning Saver
Joined: 08 Mar 2005
Posts: 45
Cash Points ££ 348.80
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 Posted: Sat Jul 02, 2005 3:27 pm Post subject: Oil Crisis ? $100 oil - What to invest in ? |
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Neo
Saving Enthusiast
Joined: 24 Oct 2004
Posts: 147
Cash Points ££ 595.04
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| Posted: Sun Jul 03, 2005 7:15 pm Post subject: |
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Shells done quote well for me ... up over 50% from where I bought it about 18 months ago !
Look at the oil majors for the long-term i.e. BP, Shell etc...
The problems I have with the articles is that once the public media start harping on about $100 barrels... the LIKELY direction is to $ 30
Markets don't move in a straight line, they have bull and bear phases, after crude peaked at $40 in 1990 it fell to below $15 a few years later....
So YES, not yet... but maybe in the not to many moons distant I am contemplating a short crude position !
Yes off course crude will get to $100 one day... but I think we will see $30 again first |
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PaulJones
Newbie
Joined: 16 Feb 2005
Posts: 12
Cash Points ££ 80.00
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| Posted: Sat Jul 16, 2005 2:39 am Post subject: |
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| Shell fell today... maybe if it falls a little further, I may buy some shares in it. |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Sat Aug 13, 2005 3:30 am Post subject: |
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Shell have now consolidated under one management... Eventhough there maybe teething problems, it still looks a safe one way bet with oil trading upwards of $65 !
Yes, I too will add if it falls, but at current prices ? seems a bit risky. |
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