Gas and Oil Up, Go Long Valero, Exxon, and the DIG (VLO, XOM, DIG)

Go Gas and Oil! Summer driving season is upon us, time to go long the best in breed in the sector which includes Valero Energy Corporation (NYSE:VLO), Exxon Mobil Corporation (NYSE:XOM), and ProShares Ultra Oil & Gas (ETF) (NYSE:DIG).

Get on board with the ProShares Ultra Oil & Gas (ETF) (NYSE:DIG) by betting on the entire sector, rather than stock picking each company.  As of 3/9/10 the DIG is made up of the following equities, you can review the full list here - http://www.proshares.com/funds/dig_daily_holdings.html:

(WSJ.com) Crude oil settled slightly lower as the stronger dollar weighed on prices, though futures hovered near their highest point in eight weeks, with the front-month contract holding above $80 a barrel for the fifth day in a row.  Oil remained near the top of its recent trading range as traders bet that seasonal factors would sustain prices, as the return of spring usually means supply is reduced as refineries temporarily shut down for maintenance and demand for gasoline increases ahead of the summer driving season.

Analysts, however, warned there were few signs of real recovery in oil demand, while supplies remained at their highest levels in decades.  Light, sweet crude for April delivery settled down 38 cents, or 0.5%, at $81.49 on the New York Mercantile Exchange. Brent crude on the ICE futures exchange closed down 56 cents, or 0.7%, at $79.91 a barrel.

Oil prices declined nearly $2 a barrel in overnight trading Tuesday as losses in overseas equity markets, a lower open for U.S. stocks and a stronger dollar against the euro weighed on dollar-denominated oil prices.

Despite what the analysts may say, the oil/gas stocks are on the move up, if the trend continues, go with the best, that would be DIG, VLO, XOM:

VIDEO
March 10 (Bloomberg) -- Ann Kohler, an analyst at Caris & Co., talks with Bloomberg's Margaret Brennan about the outlook for the oil market and U.S. fuel inventories. Crude oil surged to an eight-week high after a government report showed that U.S. fuel supplies declined as demand climbed and refineries idled units. (Source: Bloomberg)