Oil and Gas: If you Can't Beat em, Join em (VLO, XOM, DIG)

Submitted by theStockMasters... on Thu, 03/11/2010 - 17:56

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evil oil money

Go Gas and Oil! Summer Driving Season is upon us, time to go long the best in breed in the sector which includes Valero Energy Corporation (NYSE:VLO), Exxon Mobil Corporation (NYSE:XOM), and ProShares Ultra Oil & Gas (ETF) (NYSE:DIG).

Why fight it and get pissed these guys are going to cash in? Get rich with them.

(WallStNation.com) Get on board with the ProShares Ultra Oil & Gas (ETF) (NYSE:DIG) by betting on the entire sector, rather than stock picking each company. As of 3/9/10 the DIG is made up of the following equities, you can review the full list here - http://www.proshares.com/funds/dig_daily_holdings.html:

Security Description	Weight
EXXON MOBIL CORP COM STK	24.97%
CHEVRON CORP COM STK	11.73%
SCHLUMBERGER COM USD0.01	6.02%
CONOCOPHILLIPS COM STK	5.21%
OCCIDENTAL PETROLEUM CORP	5.20%
APACHE CORP COM STK	2.79%
ANADARKO PETROLEUM CORP	2.75%
DEVON ENERGY CORP(NEW)	2.34%
HALLIBURTON CO COM STK	2.18%
XTO ENERGY INC COM STK	2.14%

(WSJ.com) Crude oil settled slightly lower as the stronger dollar weighed on prices, though futures hovered near their highest point in eight weeks, with the front-month contract holding above $80 a barrel for the fifth day in a row. Oil remained near the top of its recent trading range as traders bet that seasonal factors would sustain prices, as the return of spring usually means supply is reduced as refineries temporarily shut down for maintenance and demand for gasoline increases ahead of the summer driving season.

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SOURCE: http://wallstnation.com/going-long-oil-gas-03102010