Some energy stocks to buy if McCain wins
Here is an article that lists several energy stocks that you may want to buy if McCain wins in November. As you could have guessed, they consist of Oil, Coal, and Nuclear Companies.
On a McCain win, oil service stocks like Cameron (CAM), Transocean (RIG), Diamond Offshore Drilling (DO) and Halliburton (HAL) will be huge, huge beneficiaries of more liberal domestic drilling rules. Nuclear stocks such as Cameco (CCJ) and nuclear ETF Market Vectors Nuclear Energy (NLR) could experience massive upside moves.
At some point, the stigma attached to the nuclear industry will fall away under the unrelenting pressure of high oil prices. A quick look at oil prices clearly shows that the commodity is undergoing a consolidation phase. These periods can last quite a long time, even a year or more.
We would be engaging in the worst form of wishful thinking however if we were to believe that the oil run was over. Moderating oil prices will continue to buoy stock prices, but that will only last until oil gets ready to run again. When it does, we could finally have the necessary impetus to get serious about nuclear energy as a viable solution to our domestic energy needs.
The idea of nuclear stocks and coal stocks being growth industries again will strike many investors as odd. But over the summer, we saw coal stocks acting like internet stocks of yesteryear, witnessing massive runs in once staid companies like James River Coal (JRCC) - up almost 150% over the last six months - and Alpha Natural Resources (ANR) - up almost the same amount.
