Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jim black who wrote (5307)	12/13/2001 8:41:54 PM
From: Frank Pembleton	Read Replies (2) of 36161

Jim -- my loser AOG -- the problem with Alberta Energy is that it's Canada's largest natural gas producer. About two thirds of production is from gas, they are levered to oilsands through the Syncrude project but it's just a fraction of their total income. The other two big gas producers in Alberta are Pan Canadian (PCX) and Rio Alto (RAX.TO) -- if you like to gamble, you may want to take a look at RAX here shortly ... the stock is down 50% from it's 52 week high and tax-loss season is almost over. As in holding a stock because it's a potential take-over target? That's economic suicide! When a person gets it in his head that he has to buy&hold without any regards to the supply situation, well... an investor and his money are soon separated. ME insurance? IMHO the White House has proven it can park an aircraft carrier in what's known as the asshole of the world ... bomb the shit of the place and actually lower the price of crude... Before 9-11 - your President was being derided by the the liberal press as a dyslexic bumbling lightweight ... since that time he's guided the U.S. to it's first decisive victory, he has unified all who want to distance themselves from terrorism, he has created a great friend in Moscow, and has (with the help of Dick Cheney) organised the Caspian Pipeline Consortium. Which will, by the way, shift the pricing power of energy from the ME to the West. There are several pipeline systems proposals and the few that are being built will by-pass the dreaded Persian Gulf. There’s an estimated 200 billion barrels of crude and a whopping 240 trillion CF of gas and until this is piped in and running -- the war on terrorism will pull back for a breather. I guessing we haven’t seen the bottom in crude, not by a long shot -- and the only insurance needed are the competent people you have elected into the White House. Regards Frank P.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next