Oceaneering: Take Some Profits Off the Table

Filed under: Stocks to Buy

Of course, oil prices could moderate this year to the $40-per-barrel range, and the U.S. government could invest in a serious way in natural gas for vehicle propulsion.



But until then, the reign of oil continues, and it makes sense to consider Oceaneering International (OII), which I first wrote about on April 7, 2009 at a price of $38.01. If you bought Oceaneering in April 2009, you're up more than 100%, and there's more upside ahead. That said, it's perfectly acceptable to take some profits here with OII: those investors who can tolerate the risk, can retain the shares to go for an even bigger gain.

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Oceaneering: Take Some Profits Off the Table originally appeared on BloggingStocks on Wed, 14 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.

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