Set Your TV on August 27, 2017 For Sunday Morning Weekend Today in Central NY on NBC 3

Cynthia Scott, OMC Financial Services, will be Laura Hand's guest, discussing oil stocks.

Set Your TV on August 27, 2017 For Sunday Morning Weekend Today in Central NY on NBC 3

oil stocks august 27 tv guest appearance by omc financial services near syracuse ny

OIL STOCKS HAVE UNDERPERFORMED THIS YEAR SHOULD YOU BUY OR SELL THEM?

  • Energy stocks will continue to be a volatile sector so what is your time frame to own them?

REASONS TO BUY:

  • Oil stocks pay attractive dividends which are quite compelling compared to investment alternatives
  • There is consolidation in the industry in order to lower debt and increase efficiency
  • Bankruptcy rates among the oil companies are declining.
  • Oil prices appear to have stabilized between $40 to $50 a barrel
  • Averaging your cost basis

REASONS TO SELL:

  • There are record supplies of oil and the U.S. continues to produce additional output
  • There is an abundance of oil worldwide
  • Investors sentiment is very negative
  • Oil stock prices may underperform for the next 3-5 years unless demand increases and supplies are reduced
  • Oil companies estimated earnings may continue to decline and stock prices may drop further
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