I can't see oil staying down for much longer.

Author: Rooney (5521 Posts - Original UHND Member)
Posted at 6:15 am on Mar 6, 2009

I don't play the pure crude ETFs because I don't really understand how the rollover works yet (I should really read fredyo's post below). All I know is that the ETF prices go wacky right before contracts expire, but I haven't yet figured out how to know whether its going to be a good wacky or a bad wacky (yeah, that sounds a bit like Geddy Watanabe). Once I get a better handle on the rollover, I'm looking seriously at playing a couple of Oil/Energy leveraged ETFs for the rest of this year.

I stick to a mix of stocks...some producers, integrateds and then an oil sands play or two. Oil sands stock will rise quickly if oil starts to move towards the $60-$70 range, so be ready.

By the way, I always knew we had something in common. Greed.


"I didn't come here to take part. I came here to take over."

Replies to: "I can't see oil staying down for much longer."