While the current Russian-Ukraine conflict continues to escalate the potential investment opportunities primarily exist around oil and gas investments. The Nord Stream 2 pipeline is officially on hold however Russian oil and gas exports are not yet but if Russian oil is sanctioned then oil will easily skyrocket to $150 barrel or higher.
If you have been reading our blog, you know that we are positioned in oil and gas companies as part of our defensive portfolio. Our investments in BP and Exxon have paid off significantly and may continue to rise. We’ve also been earning nice dividend yields on our investments. Our other defensive stocks are doing well even with the current market volatility today.
If you aren’t positioned in oil & gas stocks right now and want in on the action, the best play may be to wait until AFTER the March Fed FOMC meeting because with the Russian conflict and a potential interest rate hike, the market may be extremely volatile and correct upwards of 20% or more. This may also present itself as an excellent opportunity to take a bite of our buy list and continue to add as the market corrects.
Now is the time to be near your smartphone, tablet, computer or trading device and PAY ATTENTION to pick up opportunities because they won’t last long.
As always stay tuned and stay solvent…