02-20-2009, 12:35 PM
I got killed in AIG - I lost like 95% on it. I still have the stock (it crashed to fast to reasonably get out for me, so now its worth it to me to see if it goes up any)
As for other stocks, take a look at some of the energy stocks. I havalot of money invested in Valero (VLO). They are the largest refiner in the US and are pretty sound financially (at least the last time I looked) and have a decent dividend.
Canadian Natural Resources Ltd. is about to bring a 100k barrel/day refinery online, however it is about 50% over budget and none of the contractor liens or litigation have made it to the press (they will probably settle it through arbitration behind the scenes, yet some of the numbers are substantial). I am not sure whether I would buy or short sell it. CNRL as a producer of oil bases alot of profits on Oil prices. Many of us in the industry think that the oil will probably stabilize at around $60/barrel within the next couple of years (especially once we claw our way out of the recession).
As for other stocks, take a look at some of the energy stocks. I havalot of money invested in Valero (VLO). They are the largest refiner in the US and are pretty sound financially (at least the last time I looked) and have a decent dividend.
Canadian Natural Resources Ltd. is about to bring a 100k barrel/day refinery online, however it is about 50% over budget and none of the contractor liens or litigation have made it to the press (they will probably settle it through arbitration behind the scenes, yet some of the numbers are substantial). I am not sure whether I would buy or short sell it. CNRL as a producer of oil bases alot of profits on Oil prices. Many of us in the industry think that the oil will probably stabilize at around $60/barrel within the next couple of years (especially once we claw our way out of the recession).