Energy Rally Surges On

Oil prices peaked again today reaching an eight month high of $73 a barrel. Don’t expect it to stop either as it is on a path to $100. This has gas prices following crude as we enter into another stretch of the energy rally. Today good news was all around for this surge as many analysts reported that energy demand will be greater than expected. This sent energy share prices soaring today all around the globe. Whether you are investing in energy in Brazil, China, India, or America you have reaped the gains and expect them not to be short-lived. As we get deeper into the summer months demand will increase providing more revenue to the companies. Some people are concerned on when the fun will stop. This is true the rally won’t last forever yet I still believe you have a month or two left before you should sell out. Many of the energy companies problems have come at the expense of credit/debt issues forcing them into a tough situation. The global credit crunch made it hard for many companies to expand yet as we can see financials are improving freeing up capital to allow these companies to expand. Depending on the amount of risk you are willing to absorb should decide where you invest. If you are willing to take on more risk for your reward then invest in BRIC (Brazil, Russia, India, China) Petrobras (PBR), PetroChina (PTR), and Yingli Green Energy (YGE) based energy companies who have reaped gains in the past months. If you want to take a more conservative route look at the large U.S. based corporations such as Chevron (CVS), Exxon Mobile (XOM), and Anadarko (APC). If you have missed out on the rally its not to late yet.