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Duarte added: Energy investors have a problem. Oil and oil service stocks are cheap. Yet, with the price of oil having fallen significantky, and in the short term thinking of corporate executives this could be an opportunity to decrease exploration and service commitments.
That means that earnings for oil service companies could start to fall if the current push for more drilling and exploration falls by the wayside.
The slowing in global demand for oil is another factor to consider. If the subprime mess and the credit crunch abate, it is possible that demand will once again rise, and with supplies still capped at current levels, this sector could once again be on the move.
One way to solve the problem is to take a very long term view and to build small positions in oil service and to monitor their activity. If there is a major break in prices, then small losses should be taken and the sector should be put back on the watch list.
Duarte's conclusion: In other words, this is a sector that is most difficult to time at the moment.
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Duarte partners with the Investors Resource Center at Investrend Information (http://www.investrendinformation.com).
Duarte's IntelligentForecasts.com (http://www.intelligentforecasts.com) provides free news coverage and analysis, and his daily articles and news summaries offer recommendations and analysis for ETFs, and individual stocks in the technology, health and biotechnology, and energy sectors. Duarte has combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets offer a unique blend of insight and information to thousands of active investors and political and intelligence aficionados around the world on a daily basis.
He is the author of: Futures And Options For Dummies, Successful Energy Sector Investing, Successful Biotech Investing and co-author of After-Hours Trading Made Easy. In early 2001, in Successful Energy Sector Investing, he correctly predicted that Venezuela's political problems could lead to an energy crisis in the United States. He has also appeared as a weekly guest on Market Mavens Radio and has logged appearances on KNX radio in Los Angeles, Financial Sense.com radio, and Wall Street Radio.
One of CNBC's original Market Mavens, Dr. Duarte has been writing about the financial markets since 1990. His articles and commentary have been featured on CBS Marketwatch, Barron's, Smart Money, Medical Economics, and in Technical Analysis of Stocks and Commodities magazines. In 2003, Doctor Duarte received second place, in the professional section, of the Medical Economics Investment Challenge with a 12-month return of 42%.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.FinancialWire.net . Please address any inquiries to feedback@FinancialWire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
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