Energy stocks keep rising - Oil Crisis Roundup

by Darren

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Oil stocks continue to do well. This is no shock as Oil hovers around $75 per barrel. Oil is at an all-time high, and investors are pouring money into stocks hoping to cash in.

XOM is up about $5 per share in the last 30 days or so, and it’s no wonder why. Their net profit numbers are extraordinary. XOM faces a number of challenges, but currently they’re the largest company in the US.

Take a look also at PTR. This stock has a ton of upside potential, and a net profit of over 25%. With increased demand in China almost an assured fact, it’s likely they’ll do even better in the coming years. Continued demand from more and more developing countries is almost assured to keep pricing pressures moving up.

The Oil Crisis is getting worse. In fact, there are long lines in Bangladesh and we’re certain to see more coming in other parts of the world. Yesterday, the Secretary of Energy Sam Bodman, declared Oil prices a crisis.

All of this excitement is with gas prices under $3.00. With prices at $3.50 or higher, what happens is anyone’s guess. Now is the time to track as many Oil stocks as you can, if you haven’t been already.

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