Oil and Gas Today with Chris Faulkner – Podcast #581

Episode Transcript:

If you’re like most American’s, you have some kind of 401K or IRA invested in mutual funds.  And….most of the top performing funds the last 2 years were invested in oil and gas stocks.

I saw recently that Carl Icahn’s holding company lost about 350 million dollars in the third quarter from hanging on to his oil holdings too long.  This has not only been a drag on Icahn, but if you’ve looked at your holdings statements and wondered why the stock market can be up so much, yet your portfolio isn’t up a reciprocal amount, that could be a reason why.  But this will bottom, so today we’re a lot closer to a buying opportunity than we are at a place to sell.

I’m optimistic long-term.  We have a great future in American Oil.

To download or subscribe to future episodes of Oil & Gas Today with Chris Faulkner for free using iTunes, click here.

Comments are closed.