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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (42745)4/26/2005 9:30:52 AM
From: profile_14  Read Replies (2) of 206328
 
The same thing happens that happened last year. The decline is less accentuated than it seasonally has become and then folks prognosticate how much damage the next hurricane is going to inflict. Also, we are about two years away from receiving LNG in sizable quantities, based on everything I have read. As that window approaches, I think the risk reward scenario for investing in pure drilling as our way out of this situation becomes less favorable. Having said that, there is a lot of ground to cover but with everything so stretched and expensive, IMVHO, I don't like the feeling of going long without a substantial pullback. One hiccup in the world stage or economy and it all goes into the tank.

Best,
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