These Energy ETF’s Will Surge As Oil Approaches $200 Barrel
“There is no doubt in my mind that we will eventually see $200 dollars for a bbl of oil, and $6 at the pump. If one has long tem equity to commit, the energy sector isn’t a bad way to go. Even Obama can’t stop it. British Petroleum (BP), CNOOC (CNOOC), China Petroleum and Chemical Corp. (SNP), and ExxonMobil (XOM) are just a few energy companies here to stay,” Ken LaRive Reports From The Examiner.
“In Louisiana we have a new player called Chenier Energy (LNG) that I think is poised to go through the roof with 500 plus growth. It is a see-saw now, and great for day trading, but I think a perfect long term investment too. Do your homework on this one,” LaRive Reports.
“ETF’s like Energy Select Sector SPDR ETF (XLE) and the IShares S&P Global Energy Sector Index Fund (IXC) and Energy royalty investment trusts like Permian Basin Royalty Trust and Enerplus Resources Fund (ERF) has been mentioned on many online news letters to be bright investments, and another one linked directly to the price of oil is PowerShares DB Oil Fund (DBO). Of course all of these are speculative, but shows the future will have its share of winners and losers,” LaRive Reports.
If oil did reach these prices energy ETF’s would soar but, the economy would suffer from rising energy costs. Here is a look at the top companies listed within these ETF’s and what they have done in the past year below:
|TOP 10 HOLDINGS (XLE) ( 62.42% OF TOTAL ASSETS)|
|TOP 10 HOLDINGS (IXC) ( 55.77% OF TOTAL ASSETS)|
PowerShares DB Oil (DBO)