Should I Buy Gas and Oil Stocks

We have seen the DOW and overall market take a pounding this week.  The excuse being crude oil and the confusion among the OPEC members.  Energy stocks are yet a small sector in the big picture.  If frustrates me to see things like are going on right now.  Just to clarify for everyone "The Sky Is Not Falling", so don't be a Chicken Little.  I would not even call what is happening a correction or pull back in the market.  It's simply called unwarranted fear.  But who ultimately benefits from this unwarranted fear?  We the investors do.  Here is why.

First there is no good reason that all sectors of the market are down.  Crude and Gas are but a small drop in a big pond.  If you think that the days of $4.00 gas at the pump are gone forever you are sadly mistaken.  When OPEC gets tired of playing with everyone, is done beating up on the little guys that can't afford to keep selling their oil at $60.00 per barrel and decide they decide it is time to double the price and make money again things will all go back to the way they were prior to OPEC's price decrease for crude.  When it does, you should have positioned yourself to reap the benefits.  And that time to get into position is now!

Hopefully you have a little extra money stashed in your holding account for stock purchases, because that is exactly what I am recommending.  Everything you buy does not have to be oil, gas and energy stocks.  But if you do not have these types of stocks in your portfolio like you should I suggest now is a good time to add some.  So you say Gus, help us out here.  What do you recommend.  Well my personal top choices are Exxon (XOM), ConocoPhillips (COP), Royal Dutch Shell (RDS.B), and Kinder Morgan (KMI).  But also look at other sectors of the market if your portfolio looks well established and weighted with Energy Stocks.  I am seeing a lot of good buys out there right now in other sectors of the market, things such as (NVS), (EV), (GD), (BFB), (GE) and (F) just to name a few.

Now is money making time.  Take advantage by adding some good quality stocks to your portfolio.  Now is the time to BUY, BUY, BUY and not to SELL, SELL, SELL.

Gus S.

Disclaimer: Make sure to review any information found on this blog site with your personal financial advisor before making any decisions. I am providing general information and not financial advise. I am not a licensed stockbroker or financial advisor.