Buy Oil?

[Breand]

I don't think we are at the bottom, but I do think we are already at a place where if you buy and hold long term, you will make a profit. Oil isn't a company that doesn't have a growth horizon, eventually it has to come back up.

OK, great idea. What vehicle do you recommend for that?

Depends on the risk you want to assume, of course. The one you mentioned is fine, or you could go even riskier and do ERX which is a triple leveraged ETF. But I would certainly stick with ETFs and not the oil companies. If I were a real betting man I'd gobble up some LEAPs (2 year term options) on an oil ETF and you'll have 2 years to sit on it and sell when you want.

I have also really liked PGH(Canadian Oil trust) for years because they give out a monthly dividend. It basically covered Netflix and Amazon Prime for the past 6 years, heh. It is very low right now, and the dividend is down to 4 cents a share (monthly) so a risk, but could be a good pickup.