In "Energy Plays: How to Profit From the Oil-Price Boom" Jordan Kimmel offered his "excellent" stock picks. Name one. Answer: MCF
In "Energy Plays: How to Profit From the Oil-Price Boom" Jordan Kimmel offered his "excellent" stock picks. Name one."Energy Plays: How to Profit From the Oil-Price Boom"
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In "Energy Plays: How to Profit From the Oil-Price Boom" Jordan Kimmel offered his "excellent" stock picks. Name one.
Energy Plays: How to Profit From the Oil-Price Boom
"There are so many excellent ways to play the energy market," says Jordan Kimmel, a hedge fund and mutual fund manager at Magnet Investment Group in Randolph, N.J. "Everyone keeps looking over their shoulder to figure out where the top of the market is going to be and not recognizing how deep this global explosion is. This is not a supply interruption increase, this is really demand-driven."
To be sure, there are plenty of risks in the strategy. Should the oil boom suddenly go bust that would spell trouble for a variety of investments. At the same time, if prices continue to rise that also would put pressure on major producers, as would the potential of windfall profits taxes that Congress continues to discuss.
As such, Kimmel is playing the energy market with diversification though a number of angles: Pipeline builders, natural gas suppliers and even alternative energy. Exploration companies have been popular among money managers, and President Bush's announcement Wednesday that he will encourage Congress to reverse a ban on offshore drilling likely will boost the industry.
In natural gas, Kimmel recommends MCF.
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