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Oil and gas company fund

radioactiveman · 2007-11-23 21:40:26

Hi - bit of a newbie question: I am thinking of investing in an oil and gas fund that tracks companies rather than oil/gas itself (companies like BP, royal dutch shell, BG and ENI (gas) are the most heavily weighted). What is the prospect for a fund like this in the medium to long term? Is it wise to assume that companies…

23-11-2007 10:40PM

#1

radioactiveman

Closed Accounts Posts: 324 ✭✭

Join Date: June 2006

Posts: 269

Hi - bit of a newbie question:
I am thinking of investing in an oil and gas fund that tracks companies rather than oil/gas itself (companies like BP, royal dutch shell, BG and ENI (gas) are the most heavily weighted). What is the prospect for a fund like this in the medium to long term? Is it wise to assume that companies like this (in general) are a good investment because oil is going up in price?
Could it actually stagnate or underperform if oil prices retreat to a more normal level like $80 dollars a barrel?
Thanks!

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