Make Money Off High Gas Prices

Published by admin | Filed under Finance Connect

My latest ETF that has came across my radar involves all the oil companies or having anything to do with oil explorations. This is a great short term opportunity for investors. If you don’t have patience in the stock market and you want to make money right now. Then let’s get you in a safe ETF that has the ability to grow for you quickly right now.

I’m not sure if this is an ETF that you would want to be in come 2010, but up until then I see a lot of positive things going on with this ETF. I think investors would have a great chance to earn money in the short term with this ETF.

SPDR S&P Oil and Gas Exploration & Production ETF

TOP HOLDINGS

Mariner Energy Inc.   3.09%

Pioneer Natural Resources Co.   2.82%

Petrohawk Energy Corporation   2.81%

Debury Resources   2.77%

Cheniere Energy Inc.   2.75%

Forest Oil Corporation   2.73%

Frontier Oil Corporation   2.69%

Range Resources Corporation   2.68%

Tesoro Corporation   2.68%

Ultra Petroleum   2.65%

The stock symbol is XOP and I really do have a good feeling with this ETF if you want to get in on the high cost of gas prices. This ETF may do very well after 2010 also, I just would want to wait closer to that time frame, before I made up my mind on this position in a very volatile oil market. So please don’t add this to the IRA, just simply play this in your normal account holdings that you have with a stockbroker or maybe a portfolio that you keep online yourself. Shares are selling for this ETF at 46 dollars as of today (Monday June 25th).