Dunno...but
O.K., so SSB's Ting is way of base. Fine. The only bet that I've lately cared to place against the market has been buying petro stocks on St. Pat's Day, and (surprise) buying petro stocks when UN Sec. Gen. Annan (Gods and Goddesses bless him) returned from Iraq with an inspection agreement.
For the time being, then, Paul Ting's projections concern me not a whit -- I've got tons o'slack to wait it out; though I assume his estimates, so at variance with every other observer's, will not affect oil traders' behavior, I'm just wondering whether we could get some hard and fast numbers, but different, on the current glut.
As before, I think that all longs, here, have staked their money against the conventional wisdom, and Mssr. Ting seems to be about as unconventional as the Street-niks come.
I take it that you think he's wrong -- I don't disagree -- and even if Ting is right it'll be a while before the market catches up. Va bene. All I know for sure is that I took a bath today, and still bought more to get into even deeper water. We will either drill or get drilled, someone said, and my money is squarely on the former no matter what the analysts profess. Good luck.
My sincere thanks, again, to all on this thread.
ian |
