By Jen Bawden
July 18, 2008
I am now focused on researching oil dividend stocks as oil is dropping. This might give us a great opportunity on some extra bad capitulation days to get in and pick up some of these good oil and gas dividend plays.
I am focusing on Canadian companies as I think they will be safer. If we are lucky we might even see the dollar strengthen on a short-term basis, giving us a last chance to get in on our favorite gold mining or oil dividend stocks.
I will be watching their stock decline with great interest of course. I have the lows of these stocks over the last five years as my optimal buy point. These are really more bottom fishing prices then regular buy points.
I figure when big market turmoil days come some of these good stocks will fall within their 5-year low range. At that point it will be an excellent place to start buying commodities.