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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Frank who wrote (45341)6/27/2005 10:40:44 PM
From: Sweet Ol  Read Replies (1) of 206299
 
Hey Frank, remember Gambler's Ruin from your statistics class? Flipping 5 heads in a row, the odds are still 50/50 on the next one being a head. Go a little easy on the weather.

However, having said that, I agree with your conclusion and am 100% in energy, mostly gassers. If we ever have a significant dip I will buy more.

Best to all,

JRH

P.S. I am heavily into HGT and SJT because they have lots of gas and are just producing it, not spending any money on exploratory drilling. Their depletion is modest, much less than the price increases. Even though the operators take an exorbitant amount out for overhead, they are still a good be for pure NG plays.
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