Quote:
Originally Posted by Buehler445
I'd say oil companies would be a good idea. EPA chief is an oil man, so one could anticipate better regulations there as well as after that big of a break in the oil price, surely there will be some sort of retracement up anyway. Maybe not.
And do the math, if my stupid ass can see it everyone else can too.
EDIT: I'd GTFO of any health care stocks. Maybe not pharmaceuticals, but certainly health care and health insurance stocks. If Obamacare gets repealed, it may be UGLY.
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My oil stocks were dividend super stars for a few years-then when the price of oil dropped-all went bankrupt. i dumped all my positions while they were still worth something and put the money into Pfizer.
I still get junk mail from the oil companies as they are working their way through Chapter 11. You can pick up Linn Energy-once a $30.00 dividend paying stock-for pennies now. Might be a good play if you can wait 10 years-and If they ever make a profit again.
Fracking laws will be tougher this time around for any kind of new American oil boom. Good luck.