The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tommaso who wrote (160077)	10/25/2008 6:48:10 PM
From: Sea Otter	Read Replies (2) of 306849

I started buying canadian oil sand stocks on Friday - particularly SU. Given the market apocalypse I really had to grit my teeth to click the "Buy" button. But jeez, these stocks are now at ridiculously low valuations. And unlike most stocks, I figure I'm buying resources-in-the-ground, which puts some kind of floor into the price. Call me crazy, but somehow I think the price of oil is going to go up in the next 10 years. And it may go way up. Peak oil aside, the Middle East is a nuclear powder-keg waiting for a match. When that happens there will be a stampede to geopolitically safe energy suppliers. Another interesting play, for the same reasons, is PBR.

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