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Investing in oil ?

  • 30-09-2011 10:50pm
    #1
    neiler987
    Registered Users, Registered Users 2 Posts: 239 ✭✭


    Was just wondering if Investing in oil would be considered a good idea and how would i go about it ?

    as in terms of profitability/taxes/how much money roughly that i would need to haveto invest before i actually get serious in such a thing/what type of oil etc

    it just makes sense that price/value of oil would only increase unless theres a hugh amount of oil finds :/ ? ..eg a big oil spill from a ship in the states pushes the value/price of oil up because its non renewable so therefore theres less of it

    Not a total expert in investing or oil so just looking for some advice thanks


Comments

  • #2
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    You don't invest in commodities, you speculate.

    If you want to invest buy the companies that extract the commodities.


  • #3
    c montgomery
    Registered Users, Registered Users 2 Posts: 2,122 ✭✭✭c montgomery


    Check out BP.

    They pay a healthy divident annually and have dropped about 25%in the past 8 weeks. If you can afford to sit on the shares for a while you might do well.


  • #4
    stampydmonkey
    Registered Users, Registered Users 2 Posts: 2,360 ✭✭✭stampydmonkey


    One of my mates works for tullow oil, always on about buying their shares if possible. Now i have no idea about investing but they seem to be a serious outfit


  • #5
    neiler987
    Registered Users, Registered Users 2 Posts: 239 ✭✭neiler987


    c montgomery wrote: »
    Check out BP.

    They pay a healthy divident annually and have dropped about 25%in the past 8 weeks. If you can afford to sit on the shares for a while you might do well.

    thanks


  • #6
    Hal Emmerich
    Closed Accounts Posts: 2,078 ✭✭✭Hal Emmerich


    stampydmonkey wrote: »
    One of my mates works for tullow oil, always on about buying their shares if possible. Now i have no idea about investing but they seem to be a serious outfit
    I use to always recommend them to people, haven't followed them in a good while though.

    I was watching "Bang Goes The Theory" the other day and one of the Topics was a potential Global Shortage of Helium, it actually has some serious uses, MRI machines for one.

    It may be something worth looking into.


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