lass uncertainty with JNJ... i don't quite agree. i have no idea if all of JNJ growth efforts will work out. but i do know that each oil sands company will sell all the oil they produce. they are spending oodles on capacity expansions. all the oil will be all be sold. the uncertainty is the price. there will be no FG inventory. their growth is barrels times price. both are increasing.
and fyi - the CIBC earnings report which i mentioned, has WTI oil at $60 for 2006, $60 for 2007, $55 for 2008. hmmm. it will be higher, i think. but that's the issue. that is the key question everyone has to ask. and that's why I reallocated a year ago. a year ago all the anlayst estimates were at $45 oil. won't be there again.
here is the best link, i check it every day.
321energy.com
and if there is any terrorist oil event, or any other disruption, the upside is in energy, not JNJ. and even without a disruption, the long term story for oil prices is up.
same story for coal, as oil sands. BTU, CNX, for example.
this is a rant. oops.
grommit
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