Time To Get Out of Energy?
November 2nd, 2007 by Grant in: Investing, Market Trends, Oil & GasSpeaking during a Personal MarketWatch interview with senior columnist Chuck Jaffe, Bernard Horn, who runs Polaris Global Value Fund, indicated that companies like Chevron and Chesapeake Energy, while great companies, are not necessarily the stocks to own right now.
His rationale was that the energy stocks in particular, but also the metals stocks, are valued at unsustainable levels of crude and ore prices.
I’ve never been one to consider myself greedy, and this short blurb from MarketWatch.com got me thinking as to whether or not I should start parsing my portfolio of energy.
I’m a firm believer that oil is going to $100 per barrel, if not a bit higher. But I’d rather leave a little money on the table than be taken to the cleaners.
What do you think. Is it time to sell energy stocks?
Tags: crude | energy prices | energy stocks | oil
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November 2nd, 2007 at 6:02 pm
I think you’ve got a good point here. I think oil could go way past 100 a barrel. It’s just a matter of time…