Whiting Petroleum: Higher Proved Reserves Aren't The Only Reason Why I'm Long - Whiting Petroleum Corporation (NYSE:WLL) | Seeking Alpha
This is an excellent article about Whiting Petroleum. I have owned WLL in the past, and I will probably buy shares in the company in the near future. Of course, the price of oil will make it risky in the short term. In this case, you could make money by trading in and out WLL. You could have gained 20% recently if you bought at $28 per share and you sold at $36. The rest of the stock market is volatile also, but you can still make money if you buy quality stocks at the lows and sell at least part of your position when a high is reached.
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