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VirtueofSelfishInvesting.com's Gil Morales on spiking gas prices and how they will impact the markets.
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We wanna sell gas prices are -- and market watcher -- -- -- with virtue of -- investing dot com.
He's an LA gill the -- could how could they how buddy.
Thirteen thousand that we talked about it a lot but looks like may be.
We followed a thing that can stop the unstoppable rally and that's gas prices you think you will kill this market.
Well I think gas prices are are one issue but the markets already been telling you this in advance because -- seen oil stocks start to move a couple three weeks ago.
And their couple that we like and I think they were pre staging a lot of this and I heard you say something about four dollar gas.
Yesterday I -- about December and indeed -- from west LA actually 549 a gallon.
For supreme unleaded so I don't know I'd like to see Ford -- I guess you know chief -- -- do you have a crazy if they got a country out of rising guys don't think that's a great opportunity devoted up to seven dollars a gallon.
Cannot be saying here I would be to ride the California do you that.
So let's so the rally for oil and gas you know we talked earlier in the show and Tracey pointed out now way.
Four dollars was just the magical number it it does it in Natalie sent the market down its citizen to.
A recession I -- have really just totally derailed us.
Are we -- to -- up for that to happen again.
Well I think you just watch the market what's surprising to me as I would expect rising gas prices are consumers and you're seeing retail stocks which is right expect to see it to show up first in the market.
They're continue to hold up well on act well but I think.
If this continues to you to become exacerbating see higher oil prices and in fact we have an upside target on crude oil of the 127 dollars -- -- -- -- -- trading -- -- -- -- -- What time for -- -- guiding but it PLC within by summertime.
We're looking we're running out of time I -- I do wanna get you do for your expertise is what do people do how to make money off afford all -- -- OK I think first of all you can -- -- the US oil funny TF the US so also we like that right here in the 4142 price level and I think that will head you against rising oil prices also like.
The leading stock in the Bakken shale region continental resource is very profitable company if we're gonna see rising oil prices I -- be in oil companies that are going to be able to leverage that best.
And at a 139%.
After tax profit margins in the most recent quarter.
Continental Resources my favorite stock I like it on a pull back under ninety Charles.
All right thanks -- then let me tell you it's just they just make sense for people have some exposure because.
You have to pay the price no matter what although like you guys are insane out -- deal Morales thanks -- -- -- that.
I can't child but I -- --
