Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tommaso who wrote (43993)	5/13/2005 3:07:03 PM
From: Umunhum	Read Replies (4) of 206338

Hey what are you? Some kind of permabull? No, just someone that wants to make the maximum amount of profit that I can from the coming peak in oil. Like I said yesterday, it might be fun to own a fully-paid-up contract on 1,000 barrels of crude. I own 21 of them and I only put up 100K: Message 20008759 I only wish that I followed through on my original plan and bought 50 of them. The risk reward right now favors leaps on the producers. I think that '08 leaps on the independents are going to return the maximum percentage gains. The value of the integrated oils is diluted with refineries and gas stations so the independent producers are going to give the most bang for the buck. The integrateds have a lot less premium on their options though. I hope we have another 2 more weeks of days like today so that I can pick up the '08 options cheap.

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