My Exxon Mobil stock has been flat to down for the last 6 monts. See they are paying more for oil and then not able to pass along the full refining costs. Their "record" profits amount to 10 cents on the dollar.
Maybe the money is to be made in the exploration and development stocks.
You my FRiend have explained why I shorted these via DUG.
Oil took a dip today. DUG not quite so much yet. Either it is a crappy vehicle for shorting, or it is merely lagging oil prices along with the oil stocks.
Wish I had shorted USO - a more pure short for crude. It was down 2% today (or the short would be up 2%) with oil.
DUG, the fancy 2X Oil Services short (including Exxon) ETF was only up 0.54%.