GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

David Dreman: Black Gold

July 08, 2005

With demand outstripping supply, oil prices are bound to stay high for some time. So, despite their run-ups, oil stocks are still cheap.

The price of oil is one very big factor that makes this stock market tough to navigate. Every time oil prices edge up, investors get nervous. In late June, when per-barrel costs moved above $60, the market swooned. Meanwhile, economic growth has slowed, along with employment increases. To further disconcert investors, prices of non-oil commodities and industrial materials are off.

http://www.forbes.com/columnists/columnists/forbes/2005/0725/118.html

Rating: 3.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK