Energy: Fill 'er Up?

Energy stocks make sense--but wait for a pullback

Just because you'll be paying a lot more for heating oil and electricity this winter doesn't mean you'll reap a windfall by investing in stocks of companies in those businesses. Most energy-related stocks have doubled over the past few years, fed by soaring oil prices. For them to move much higher, oil--which has been edging lower of late--would have to resume its upward trend. Which it may. Wall Street heavyweight Goldman Sachs raised the specter of oil at $100 per bbl. even before hurricanes Katrina and Rita disrupted supply lines and briefly pushed oil past $70 at summer's end. Some investors clearly...

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