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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?
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To: jmhollen who wrote (80)2/17/2005 11:29:33 AM
From: Umunhum  Read Replies (1) of 1183
 
There’s two of you???

I come to SI to keep up on current news and to share investment ideas. I truly hope both of you achieve your investment goals. That said I think both of you should go to Barnes and Nobles or the library and read everything you can on investing. If you do this, you will never again buy a pink sheet stock. I really don’t have the desire to educate you.

< There are lots of snarling, sputtering "..Stock Snobs.." on SI who will miss the boat on SPRL>

When it comes to investing my hard earned money, I am definitely a snob. I don’t’ like to invest in companies that have under a billion dollar market cap. I met a guy about 10 years ago the basically told me the same thing. I asked why and he said 90% of his mistakes were from buying companies with market caps under a billion. About 5 years later, I realized that this statement applied to me.

< Does $0.03-to-$0.30 with no significant reversals over three months really sound like a P&D to you..?>

Yes, we’re in the pump phase.

< to becoming a legitimate oil company>

Legitimate? Where are their financials. Have they ever produced a barrel of oil?

< If you'd really been paying attention, you would have noted that the existing 'Majors' have been excluded from helping develop the big Russian oil fields; ergo, Strat is in the catbird seat.>

I have been paying attention, that’s why I don’t want to invest in any company involved with Russia. Why would the Russians exclude the companies with the most expertise and financial wherewithal, and let the minnows in to develop their oil. It doesn’t make sense. You are in love with your stock. Financially speaking, that is a very dangerous emotion to have for a stock.

<I could have bought this at $0.30/share>

I don’t like to buy stocks that trade for under $20 a share let alone a dollar.

<Completes Agreement to Acquire 80% Profit Interest>

What in the world is a profit interest? There is so much obfuscation going on that I can’t believe you two can’t read between the lines.

<I know I'm not going to get 50% return investing in XOM or BP>

Both of these stocks are going to double or triple in the next 3 years if peak oil arrives on ASPO’s timetable in ’06. You could 10-20 times your money buying leaps on either of these companies.

I come to this board to read info on peak oil not to discuss the merits of investing in penny stocks. I wish both of you two success and hope that you educate yourself by reading as many books as you can on investing. I read everything I can even though it is getting a bit redundant now.
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