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Gold/Mining/Energy : Oil Sands and Related Stocks
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To: Proud Deplorable who wrote (3122)9/30/2005 9:12:44 PM
From: Mac  Read Replies (1) of 25575
 
I have come to the conclusion that gold won't get us to work ing the morning so I own 200 shares of Goldcorp & will leave it at that. I am glad I spent a little time on my ass in front of the computer in Dec. 2004 reading on oil companies. It has been rewarding, to say the least. I believe I have one of the, if not the, best return for my clients in my company. Still, if I could get the details sorted through my thick skull & think correctly, I can be wealthy with what has been presented before me. We have to remember we are sitting in the next Saudi Arabia at a time when supply & demand are completely on our side. You can say what you want about any other sectors or investments in the world... Oil & Gas companies are generating more cash than any other industry on the planet so why not own the most profitable industry on the the planet. One criteria that I learned from Buffet was to only buy companies whose greatest concern was intelligent use of profits. That is pretty much the oil & gas industry in a nut shell.
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