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best way to invest in oil

  • 29-07-2015 09:59AM
    #1
    P_Cash
    Registered Users, Registered Users 2 Posts: 722 ✭✭✭


    Oil for medium to long term investment,

    What instrument?

    What broker?

    5k to invest.


Comments

  • #2
    aristotle25
    Registered Users, Registered Users 2 Posts: 697 ✭✭✭aristotle25


    I'd suggest invest into oil companies if you mean something different.

    ETF options...
    http://www.dummies.com/how-to/content/investing-in-oil-company-exchangetraded-funds.html

    Or invest direct into likes of chevron, exxon, BP, Royal Dutch Shell.
    With 5k you might go ETF route or pick 3-4 companies.


  • #3
    P_Cash
    Registered Users, Registered Users 2 Posts: 722 ✭✭✭P_Cash


    aristotle25 wrote: »
    I'd suggest invest into oil companies if you mean something different.

    ETF options...
    http://www.dummies.com/how-to/content/investing-in-oil-company-exchangetraded-funds.html

    Or invest direct into likes of chevron, exxon, BP, Royal Dutch Shell.
    With 5k you might go ETF route or pick 3-4 companies.

    Cheers, yes was looking at those companies.

    However with oil where it is, i was expecting more of a discount from their 52 wk highs


  • #4
    For ever odd
    Closed Accounts Posts: 608 ✭✭✭For ever odd


    Have you looked at gas? Could outperform oil in the long term.


  • #5
    Tugboats
    Banned (with Prison Access) Posts: 2,011 ✭✭✭Tugboats


    Have a look at Caterpillar


  • #6
    arrowloopboy
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭arrowloopboy


    Have a look at ......waiting till $40(light sweet) ,opening a rolling 6mth spread bet (with Ig)or similar ,staking E5.00 a point (per 1 cent movement) ,and setting your s/l at $30 (can't see it getting their) ,and waiting till $70 ,for 300% (tax free)profit .
    Note , cost of production is around $35 a barrel (on average),so basically oil has an intrinsic value of $35 a barrel,a companys share price can go to zero.
    A lot of ETFs don't track the price properly ,they go down properly ,but lag going up :rolleyes:.

    EDIT,misread your post ,you're wanting to invest,what I've outlined is a trade ,which is frowned upon on here by the Ben Graham brigade.


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  • #7
    P_Cash
    Registered Users, Registered Users 2 Posts: 722 ✭✭✭P_Cash


    arrowloopboy wrote: »
    Have a look at ......waiting till $40(light sweet) ,opening a rolling 6mth spread bet (with Ig)or similar ,staking E5.00 a point (per 1 cent movement) ,and setting your s/l at $30 (can't see it getting their) ,and waiting till $70 ,for 300% (tax free)profit .
    Note , cost of production is around $35 a barrel (on average),so basically oil has an intrinsic value of $35 a barrel,a companys share price can go to zero.
    A lot of ETFs don't track the price properly ,they go down properly ,but lag going up :rolleyes:.

    EDIT,misread your post ,you're wanting to invest,what I've outlined is a trade ,which is frowned upon on here by the Ben Graham brigade.

    No problem, i like trades also 😀


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