For the real energy bulls who are looking to make a quick buck, a leveraged energy ETF might be worth considering.
Leveraged ETFs are high-risk investments since they use derivatives to deliver two or three times the daily returns of the underlying index -- amplifying the potential gains, as well as the potential losses.
For investors looking to profit from a spike in oil prices, the Direxion Daily Energy Bull 3X Shares ETF (ERX) is one of the most efficient investments, said Keith Springer, president of Springer Financial Advisors.
The fund seeks to triple the performance of the Russell 1000 Energy Index, with top holdings like Exxon Mobil (XOM), Chevron (CVX) and ConocoPhillips (COP), as well as Anadarko Petroleum Corp (APC).
Direxion Daily surged almost 20% in February.
Iran, demand, speculators and potential problems at refineries are all responsible for the nearly 50 cent rise in gas prices over the last two months.
