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: Gold Beach who wrote (8993)4/20/2006 11:25:17 AM
From: Bread Upon The Water  Read Replies (1) of 25575
 
Don,

I think you are right. That is why either Exxon or Shell (can't remember) decided to purchase their own leases a little while ago rather than partner up. A point I made some 200--300 posts ago. At the time everyone was saying I was wrong to exit CLL & PBG (by inference--they were arguing that both of them would pop again or be bought out), but I said the money would rotate to the majors who already had proved up assets while any further price run up in the juniors awaited the execution of their plans.

Of course the "hot money" has gone on to other juniors (SOIGF & CWPC) and will chase others too, but it is just a wind blowing through and not something will make a company absent on the ground development. Not to say you can't make money on the wind if your sails are trimmed right.

All of the above just my personal opinion of of course

Bill
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