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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: CommanderCricket	9/14/2011 9:11:41 AM
	3 Recommendations Read Replies (3) of 206093

The sandbox is getting stupid cheap. I'll be selling SU puts and buying the common today. Also will add BTU common. From bigenergybull on the BRY iVillage. He does a better job of pumping them I do... As oil has gone from $79 to $90 this past month COS has gone from $21 to $21. SU has gone from $29.50 to $28.50 As oil has gone from $90 to $90 over the past 9 months: COS has gone from $32 to $21 SU has gone from $42 to $28.50 Is it any wonder that Jeremy Grantham, and Paul Tudor Jones, and others are buying Suncor for the first time ever right now? Northbeach (and a few other's who are bearish on the overall market) buying COS at these prices, with a 5.8% dividend yield, paying off debt to almost zero, with a dividend yield that will increase by 33% in a few quarters (at which point net debt should equal zero). Toronto has priced in a collapse to $40 oil, pipelines not being developed, an increase in labour costs, a carbon tax, and an Al Gore Presidency in 2012 into these stocks... Or this post... Alberta Oil Sands Scale 1.7 Trillion Barrels in Place 315 Billion Barrels Ultimately Recoverable (at today's technology and prices...both of which will change) 173 Billion Barrels Reserves recognized by most world bodies. Suncor alone will be producing approximately 1 Million bbls a day by 2020. That will be as much as many oil producing countries. The Alberta Oil Sands will be increasing its output of oil for the next 50 years, as long as anyone still wants it. People like to discount the value of reserves 10 years out...but they were doing that back in 2000 to, and I think reserves being produced today are quite valuable to their holders. And I think oil in 2020 will be worth something as well.

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