It's Time to Buy Oil Stocks
Jul 9th 2012 1:18PM
Updated Jul 9th 2012 4:18PM
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
It appears that central banks from around the world will continue with easy money policies. Seeing that, John and David think it's time to buy oil stocks, as the price of oil isn't likely to stay low for long. Apache and SandRidge Energy are two companies to consider. They are both well-run and have nice properties. John and David also bought shares of ExxonMobil recently, and also think Chevron might be worth a look. Ultimately, though, they continue to see Denbury Resources as one of the most attractive oil plays out there. They own shares of the tertiary recovery company in their real-money portfolio, and think that the stock is a great long-term investment at today's price.
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At the time this article was published David Meier has no positions in the stocks mentioned above. John Reeves has no positions in the stocks mentioned above. The Motley Fool owns shares of Denbury Resources and ExxonMobil. Motley Fool newsletter services recommend Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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