Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (65405)	6/23/2005 7:08:48 PM
From: energyplay	Read Replies (1) of 74559

The Canadian REITs and trusts thread here on SI has people with more info on FDG. It's good that FDG has prices locked in. They also have the ability to expand production about 12% in a year or two, and maybe another 25% in five years. (numbers not exact) Now the question is, locked in to whom ? A big Japanese steel maker with lots of cash and possibly a locked in market supplying Toyota or Nissan, or a Chinese state owned enterprise with wobbly finances ? I think the Koreans would be in betweem. Lots of Steel companies are just out of bankruptcy. Ford Motor had a multi-year contract to buy Paladium at $300+ and ounce from Norht American Palladium PAL. Palladium has been 190-230. Ford has kept to the terms of the contract. California utilities had contracts with Alberta natural gas producers, when the NG price dropped, they got friendly California courts to break the contracts. ********* I use both fundamentals and technicals (to the best of my ability) Some times I use fundamentals to find a sector - say copper stocks - and then technicals to find opportunites in that sector. Some times I screen for technicals - especailly finding strong stocks on a down day or week. I then might to a quick look through about 20-30 charts (my eyes get tired after 30 or so) and pick 4-6 to check the story and basic fundamentals. That usually results in maybe 1-2 candidates, but about 25% of the time, I won't find one I like. The down side of these approaches - It's work, and I hate it ;-) I often don't find enough new stocks, and either end up in cash more than I like, or over concentrated on a small number of stocks. So if you guys want to fight out fundies vs. techs, I 'll take both sides..... "I don't care if a cat is black or white, as long as it catches mice"

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