This week, in the midst of much good news for energy investors, I do some complaining.
What have I got to complain about? After all, oil prices are again on the rise, and with them oil stocks, which I have been telling my webinar subscribers offered some really great value last week in some very specific names. Those names have turned out to be moving very, very well indeed.
My complaints? I guess I’ll start by whining that I’m an energy expert, and not a specialist in, for example, tech stocks.
I mean, think about this: This week marked the 20-year anniversary of the IPO of Amazon.com (AMZN). And if I was a tech stock picker, I think I’d have the easiest job in the world.
Quite frankly, a monkey could be a stock analyst for Amazon – (or Netflix, or Ebay or Apple). Market going into recession? Buy on the dip. Market trending higher? Buy on the way up. Dollar getting hammered? Buy. Overseas sales questions? International conflict? Life on Mars? Buy, buy, buy. The 20-year anniversary of Amazon saw an original $1000 investment come to be worth $638 grand today.
My friend Jeff Macke (@jeffmacke) points out that Amazon hardly invented the retail bombshell stock.
Here he shows the equally monster move of Wal-Mart (WMT): Up 5200% compared to Amazon’s measly 4900% in the twenty years since it’s IPO.
I guess I’m also complaining that I’m not a retail analyst either. I’m not saying I had or would’ve had either of these monster winners, but as an analyst, I’d only need a consistent OPINION – and nothing is as easy to stick with as stocks that you’re following always going higher.
Instead, I’m stuck in making decisions on WHEN to buy oil stocks that go up — and unfortunately for me, also often go down.
Now, I’ve spent the last two years measuring when the right time is to buy oil stocks, and I will admit to several times mimicking the boy who cried wolf, saying that this is ABSOLUTELY POSITIVELY THE LAST TIME you will see oil prices in the 40’s.
But — THIS IS THE LAST TIME.
And now this from my friend Jeff Currie at Goldman Sachs –
And of course, this from the Saudis and Russia, agreeing to not just an extension of OPEC production cuts, but one that will extend past the start of 2018.
…so, you don’t just have to believe this boy screaming “WOLF!”
Now, if you want to hear this boy scream about which oil companies offer the best value out of the hundreds to choose from, you’ll have to find your way to the EnergyWord Webinar on May 22nd at 4PM. Last week, I gave out some really nice ideas that are already paying off. Next week, I’ll have some more – and you don’t want to miss it.