April 27, 2011
I am no happier than anyone else to pay $4 a gallon for gas. But I'll admit that years ago (many years ago) when gas first hit $1 a gallon, I was more chagrined than I am now. Partly it's because I am busy enough these days to have other things on my mind. But a big reason why is that some years ago I got tired of worrying how much profit the oil companies were making and decided to get on the same side of the table. So I bought shares in Exxon Mobil and I have never looked back. Today, as Exxon raises its dividend another 7%, I remain a happy shareholder, getting back something for what I spend at the pump.
Just because I own Exxon shares does not make them right for all investors, and there are plenty of other energy companies to consider - and they are well worth consideration. Profiting from $4-a-gallon gas isn't an exclusive club. Just be sure to speak with a knowledgeable advisor before you invest.
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).