Battered Oil and Gas Stocks
Posted: Tuesday Apr 19 11:47:27AM 2005
The fundamentals look very good for the oil industry in general. High prices are here to stay at least in the medium term. With some of the froth taken out of the market of late, we may see an increase in merger/acquisition activity as oil and gas trusts and intermediate producers try to lock up more production. I persoanlly believe it is time to do some selective buying, although I expect soft markets through the summer months, so there may be plenty of time to acquire a position.