Can selling investments that are based on the 5 big oil companies affect the oil price?
Posted by admin on 31 Jan 2008 7:33 am. Filed under Investing.
tsloan71 asked:
Is it possible that by selling major oil companies stock and re-fusing to purchase in vestments with those companies would that force these companies to drop the market value for there product? If this resource is being traded as a commodity instead of using the don’t buy gas from that company to force price change. Would it not be more effective if everyone sold stock in those companies and re-fursed to purchase stock or investments with those compnies and sub-companies to bring the price of oil down???
Is it possible that by selling major oil companies stock and re-fusing to purchase in vestments with those companies would that force these companies to drop the market value for there product? If this resource is being traded as a commodity instead of using the don’t buy gas from that company to force price change. Would it not be more effective if everyone sold stock in those companies and re-fursed to purchase stock or investments with those compnies and sub-companies to bring the price of oil down???
On February 1st, 2008 at 2:49 pm
No. Once a company initially sells its stock to the public, they no longer get any money as a firm from a stock’s price. Future trading (and what most of us see as the daily trading) is between buyers and sellers, not the company. The only thing that one can stop purchasing to bring down the price of oil is the oil. And there would have to be a whole lot of people doing that (much of the world) to made much of a difference.
On February 3rd, 2008 at 2:14 pm
In a perfect world that would be great. It will never happen.
On February 5th, 2008 at 1:30 pm
Neither you nor all the other liberals have enough money to do this.
Over 30% of oil companies are held by institutions, now what do you do???
Lower the price of the stock has absolutely no effect on the price of oil
On February 7th, 2008 at 6:26 pm
OPEC controls the price of oil & not the oil companies. If you want to help lower the price of gasoline, sell your SUV & talk millions of your closest friends to do the same.