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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (40872)12/30/2010 5:10:49 PM
From: gcrispin  Read Replies (1) of 78666
 
Somewhat OT:

I surfed for many years off the Veneco pier on Haskells Beach. I don't buy oil stocks except in no-load mutual funds as I'm not a geologist and can't assess the geology in these presentations.

From experience there definitely is oil in the channel as it naturally seeps ashore. Regarding the onshore oil activity, they have been drilling around Bakersfield forever. I find it hard to believe that the company estimates for the shale could be out there but yet to be discovered. But that is a layman's opinion.

Here's some photos of the area where Veneco is active.

gigapan.org
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