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Buying Oil

  • 13-04-2010 8:24pm
    #1
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭


    Hi All

    I am thinking of buying oil as a medium term investment.

    In your opinion what is the best way of doing this? I currently hold both BP and Royal Dutch Shell shares that are paying nice divis and are preforming well since i bought them last year.

    Are ETFs the way to go with oil?

    Any help as always is appreciated.


Comments

  • #2
    displaced dub
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭displaced dub


    dont all reply at once lads :D:D


  • #3
    pog it
    Registered Users, Registered Users 2 Posts: 2,912 ✭✭✭pog it


    Hey Displaced. I'm holding off until it's down to 50-60 dollars a barrel before I buy into oil shares. I am expecting a nice slide down before it goes back up. Plenty of good companies to then buy into.

    That's my 2cents for you.


  • #4
    dunkamania
    Closed Accounts Posts: 1,803 ✭✭✭dunkamania


    displaced dub wrote: »
    I am thinking of buying oil as a medium term investment.
    Are ETFs the way to go with oil?

    Trying to invest in commodities can be difficult as the effects of contango, and backwardation will reduce the correlation of your returns with that of the underlying commodity. This is true of futures and etfs


  • #5
    bosra
    Registered Users, Registered Users 2 Posts: 60 ✭✭bosra


    there is an article here that provides some more info on what dunkamania mentioned in last post. Worth a read for those interested in gaining exposure through oil etfs / etns and their pitfalls


  • #6
    dunkamania
    Closed Accounts Posts: 1,803 ✭✭✭dunkamania


    Very good article link Bosra, I didnt really go into any detail in my post.


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  • #7
    nachoman
    Registered Users, Registered Users 2 Posts: 232 ✭✭nachoman


    I love the Italian oil and some focaccia bread they sell in Marks and Spencers, it's to die for.


  • #8
    Smcgie
    Registered Users, Registered Users 2 Posts: 1,379 ✭✭✭Smcgie


    nachoman wrote: »
    I love the Italian oil and some focaccia bread they sell in Marks and Spencers, it's to die for.

    As Hilarious as you might think your post is :rolleyes: This is not AH. Foxtrot Oscar


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