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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (76839)12/26/2006 8:03:00 PM
From: ChanceIs  Read Replies (1) of 206223
 
>>>Most investors see the US-traded energy stocks as being one-dimensional, driven solely by what the price of North American natty happens to be (or more accurately, where it's expected to go).<<<

I agree. This is true in general. As an exception, I would point out CHK, which held up well in 2006 despite the NG super storage. I attribute this to the excellent forward hedges CHK placed last year. I am sure that CHK is an exception, because Wall Street in general doesn't seem to want to look into the details of hedging, and CHK has gained quite a bit of notice on the Street.

BPZ Energy (BPZI)!?!?!?!

Putting a lot of stock in Peruvian NG??? You seem like a sharp cookie, so let me respectfully compliment you on having large cahones. Of course I used to have big cahones when i took a big position in Calpine, which converts NG into electric. I think the comparison ends there. Well perhaps not. I did post the other day that California was trying to renege on its contracts signed with the merchant generation sector back in 2001. The 9th circuit seemed to agree with California's position, however pathetic and whining it is. Does Peru believe in the sanctity of contracts the way that the US government does??? Let me put it this way. If the US doesn't believe in the sanctity of contracts, then what would be the expectation of a foreign government doing the same. It sounds like BPZ has Peruvian management - a big plus.
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