Tuesday, December 15, 2009

Buy low, buy now

ExxonMobil's purchase of XTO Energy, a leading US natural gas producer, could signal a good time to buy in to natural gas at the lows. Unlike most other stocks, natural gas stocks have not had a good year. Clean energy proponents and alternative fuel cheerleaders see natural gas as a big part of the equation going forward, but not too many people have bought into the idea as an investment strategy yet. So if you agree with the age old adage of "buy low, sell high" when it comes to investments, now might be the time to take a look at natural gas. Not sure what company to buy? Take a look at ETF's. One way to buy natural gas is with the UNG exchange traded fund. It's currently trading just below $10/share, but is up over 8% in the past month, from a low of $8.50/share. If there was ever something out there to prove the "buy low, sell high" strategy, this could be your chance! Just don't bet the (wind) farm!

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