I'm thinking of buying Chevron and other energy stocks. However, I'm not exactly sure how this works. Is it a good time to buy those given the events in Venezuela last night, or is it too late because the market has already factored it in?

New to investing, so I would appreciate advice if anyone has any.

Most will probably say this is already priced in, or at least will be when the markets open Monday morning.

Also, I don't know if this is good or bad for o&g companies. There will likely be winners and losers. I'm curious what folks in the o&g industry think.

From what l've read, don't expect oil price volatility due to the news when market opens.

More specifically- what oil stocks with assets in Venz will benefit from this change?

Over long haul energy industry will be a-ok particularly when the economy starts to boom and lower end oil prices will help lead to that boom. Solution to low oil prices is … low oil prices . Might be a 2-4 yr bet and wouldn't severely overweight in energy.

I'm definitely not an expert, but the whole situation is very far from settled on a financial or political situation. Even if the US oil companies came in and took control of oil production, what's to say in a few years they wouldn't be kick out again. That area is just too volatile and everything about our political situation can change.

If all that oil is going to be brought online you'd need to massively overhaul the oil infra down there.

Think oil services Baker Hughes and even POWL is huge in that space

The smarter play might be to wait a few days and let this initial pile into O&G stocks get past the initial high and let the reality that getting oil out of VZ will take months to years settle in. Prices may drop after this initial high for a better buy-in.

Having said that, I do not try to time the market.

Looking more strategically, I think energy stocks are a good play regardless of VZ because green energy is a myth and people are finally acknowledging it. We aren't getting away from fossil energy for decades so I would have money in energy anyway. I assume you are already covered here somewhat if you have a diversified portfolio using EFTs and funds.

YouBet said:

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Looking more strategically, I think energy stocks are a good play regardless of VZ because green energy is a myth and people are finally acknowledging it. We aren't getting away from fossil energy for decades so I would have money in energy anyway. I assume you are already covered here somewhat if you have a diversified portfolio using EFTs and funds.

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I am not. I'm looking at FENY as a Fidelity ETF and am interested in good mutual funds or other ETFs if they are available for recommendation. It seems like some energy companies give good dividends, too.

I can't tell you the best time to buy, but I can tell you that I am confident of deferred capital investment (drilling) in the O&G space due to soft prices

In 3 years, oil will likely be much higher than today. Good luck

Waffledynamics said:

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YouBet said:

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Looking more strategically, I think energy stocks are a good play regardless of VZ because green energy is a myth and people are finally acknowledging it. We aren't getting away from fossil energy for decades so I would have money in energy anyway. I assume you are already covered here somewhat if you have a diversified portfolio using EFTs and funds.

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I am not. I'm looking at FENY as a Fidelity ETF and am interested in good mutual funds or other ETFs if they are available for recommendation. It seems like some energy companies give good dividends, too.

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I only own 8 individual stocks but 4 of them are energy:
- XOM (always been great)
- OKE (pretty much same as XOM so far)
- ET (mixed bag so far; I bought this within last year after reading about it on here and I'm down all-time but it pays a big dividend which is why I got it in first place)
- PLUG (hydrogen play that worked out bigly for me a few years ago; now a dog but I still own some residual shares after selling most of it)

I have several others in funds beyond this although I couldn't tell you how much off top of my head.