SI
SI
discoversearch

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.
Gold/Mining/Energy : Oil Sands and Related Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Taikun who wrote (1918)8/21/2005 3:27:48 PM
From: Tommaso  Read Replies (3) of 25575
 
I would have a hard time finding any links to prove this, but the things that people are saying about energy stocks remind me of the cautions issued back in the early 1980s on the general stock markets.

I might as well admit that I did not invest very wisely at all from 1986 onwards. I foresaw the 1987 crash and was out of the market, but kept expecting bargains of the sort that were available in 1974 to reappear. They never did. And I started going short much too soon, about 1998. But I finally got it right about 2002 and recouped losses and made money.

The minute I can see where more oil and natural gas are going to come from, I will start getting out, though I don't like putting wealth into any country's paper currency. But I just don't see it. There are no significant addions to LNG being made, and even a pipeline to the Mackenzie Delta might end up feeding mostly into the tar sands projects. Russia and other former USSR countries may have lots of oil, but they are building pipelines to China.

I have recently begun building what may end up as a very large position in uranium. Meantime I will hold most of the Canadian positions, the value of which in $US I expect to increase an extra 20% over any other appreciation as the $C reaches parity.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News