I'll give you some good reasons to stay with HOU.
#1: The more it goes down, the more you can purchase. Remember,
think of what oil will be in 2012, not 2009.
#2: Once it starts rebounding, the way up will be a very profitable
one.
#3: Inflation concerns will make $40 a barrel look like $20 a barrel
from the 1990s.
#4: New projects are already being crippled by lack of investment.
These are almost always huge capital projects that aren't going to
reappear anytime soon.
Sometime down the road this is the type of investment you can retire
off of. Hope it continues down in 2009 and continue to buy in if you
can afford to do so.
#1: The more it goes down, the more you can purchase. Remember,
think of what oil will be in 2012, not 2009.
#2: Once it starts rebounding, the way up will be a very profitable
one.
#3: Inflation concerns will make $40 a barrel look like $20 a barrel
from the 1990s.
#4: New projects are already being crippled by lack of investment.
These are almost always huge capital projects that aren't going to
reappear anytime soon.
Sometime down the road this is the type of investment you can retire
off of. Hope it continues down in 2009 and continue to buy in if you
can afford to do so.