How to Invest in Oil Stocks in Canada
We all know, especially the people of Alberta, that oil prices have hit record lows and are bound to go further down for the next few months at least. Many would have considered investing in oil stocks to reap higher returns at a later stage. That is not a bad idea at all and is definitely something investors should consider. BUT... here's another question. What sector of oil and gas we should invest in. To me, we need to look at this from another angle and rephrase the question as, "What sector of Oil and Gas has been affected the most". We know services companies, such as drilling, have been affected the most. Now let's relate this answer to our previous question i.e. what sector of oil and gas we should invest in?. Answer is Service companies. Let's talk about the reasoning of this answer: Since service companies have been hit badly so the stock prices must be at the lowest, and we could wait few more months to get the best buying rates on stocks. Lower the cos...