Oil Spike ? - Contractor UK Bulletin Board

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Ruprect replied

8 April 2009, 13:29
Originally posted by DimPrawn View Post

I just stuck 1 ltr of oil in my car.

Is that what you mean by "going long"?
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DimPrawn replied

8 April 2009, 12:58
I just stuck 1 ltr of oil in my car.
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ace00 replied

8 April 2009, 12:57
Big article, could be summarized "Supply Crunch"
I have both CRUD & LOIL personally. It's also a hedge against inflation.
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Pickle2 replied

8 April 2009, 12:52
Originally posted by b0redom View Post

Anyone got a guide on trading ETFs for newbies? I would have thought that the price of oil going up long term is as safe a bet as you can get, and if it's as simple as buy low, sell high, I'm in....

Its pretty straight forward, no different from an ordinary stock.

I just put some Nat Gas into my selftrade ISA via an ETF.
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Andy2 replied

8 April 2009, 12:47
I would buy some oil company stocks but BP,Shell,Exxon etc are still falling
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b0redom replied

8 April 2009, 12:28
Anyone got a guide on trading ETFs for newbies? I would have thought that the price of oil going up long term is as safe a bet as you can get, and if it's as simple as buy low, sell high, I'm in....
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moorfield replied

8 April 2009, 12:14
Not hard to predict really, maybe not in the next few months though, but the oil price appears to have bottomed out now certainly all the charts indicate so. Good time to start drip feeding into a tracker like CRUD or if you're feeling brave LOIL or just the big oil cos.
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BlasterBates started a topic Oil Spike ?

8 April 2009, 11:03
Oil Spike ?

Oil spike in a few months

Maybe worth a few grand in an oil company, or oil futures.

remember ....you heard it here first.
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