Shah Gilani explains why now is the ideal time to invest in oil before prices skyrocket again.
Oil Stocks
How Exactly to Play the Dip on Oil
Start the conversation
Or to contact Money Morning Customer Service, click here.
Shah Gilani explains why the dip on oil isn't going to last, and how investors can position themselves for future gains.
Watch this video for my favorite energy play right now…
Grab Double-Digit Yields for Years from This Energy Infrastructure Stock
Start the conversation
Or to contact Money Morning Customer Service, click here.
Tim Melvin picks out an energy infrastructure stock that's on track to provide investors double-digit dividend payouts for years.
Buy These Stocks to Rake in Money in This Rough Market
Start the conversation
Or to contact Money Morning Customer Service, click here.
Shah Gilani picks out the best four stocks to buy after the Fed rate hike.
Check out this video for the tickers…
Grab This Energy Stock for 4% Dividends and a Buyback “Kicker”
Start the conversation
Or to contact Money Morning Customer Service, click here.
Shah Gilani picks out a traditional energy stock with a consistent dividend that's set to go higher thanks to a buyback program.
Check out this video for the ticker…
This Energy Fund Could Provide 9%+ Yields for Decades
Start the conversation
Or to contact Money Morning Customer Service, click here.
Tim Melvin picks out a closed-end fund in the energy sector with the potential for high long-term yields.
Here’s Your Second Chance to Ride Rocketing Momentum on Oil
Start the conversation
Or to contact Money Morning Customer Service, click here.
Shah Gilani shows you how to take advantage of market momentum on oil stocks.
The Oil Sector Is Getting Ahead of Itself - Here's How to Profit
Start the conversation
Or to contact Money Morning Customer Service, click here.
It feels like 10 years ago, but it's really only been about seven weeks since that fateful April 20, when a COVID-19-driven collapse in demand pummeled West Texas Intermediate crude oil futures. Prices hit the floor, fell through it, and landed in negative territory at -$37.63 a barrel.
In those seven weeks, WTI has rocketed almost 200%. The S&P Oil & Gas Exploration and Production Select Industry Index has risen nearly 70%, though it's still down more than 24% for the year.
Over the past few days, though, oil benchmarks have been creeping 2% and 3% lower, which in my experience is a big, neon sign saying "Selling Ahead." And several marquee energy stocks like Occidental Petroleum Corp. and Halliburton Co. are also flashing sell-off warnings.
This reminds me of the old Road Runner and Wile E. Coyote Looney Tunes cartoons – remember them? One of the (many) cheesy running gags had Wile chasing Road Runner only to overshoot him at a cliff. Wile would hang there in midair for a second, have a "Maalox moment," and then drop.
That's not all that different than what's happening in crude right now. Both the commodity and most of its associated stocks entered what market technicians like me call "overbought" territory. Now they're dropping like rocks. Investors are starting to figure out if they're in over their heads.
How do I know? The answer is worth exploring because it can make you a sharper trader. There's one simple, small number you can look at in any stock chart that can tell you instantly how to play it.
I'll get into that briefly and then I'll tell you how to play the oil patch's precarious "Wile E. Coyote" situation… Full Story
Why Oil Is Plunging (and 2 Ways to Profit)
Start the conversation
Or to contact Money Morning Customer Service, click here.
Oil prices were already down 50% year to date on Friday. They plunged another 25% yesterday.
Fears of the coronavirus spreading means that more people are staying home.
And as fewer people travel, there's less demand for oil – which causes the price to fall.
One way the leading oil-producing countries fight falling demand is by slowing production.
If they're able to decrease the supply of oil as much as the demand for it, the price should stabilize.
That's exactly why OPEC and Russia met last week. They planned to make the biggest oil production cut since 2008.
Unfortunately, the two sides couldn't come to an agreement.
Don't Miss This "Triple Play" Opportunity to Profit from Oil's Rebound
Start the conversation
Or to contact Money Morning Customer Service, click here.
There's a lot of speculation over what the novel coronavirus panic will do to stocks.
That's why we've covered the best actions to take now, and we'll continue uncovering profit opportunities in these areas.
But more importantly, a huge cash cow has been revealed somewhere else.
You see, while the price of oil is down 24% in just the last month, demand isn't going away.
In fact, it'll increase this year.
Start the conversation