Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.940

+1.0%

Nov 7 3:59 PM EST

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To: refugee investor who wrote (1092)	5/30/2012 3:33:07 PM
From: Italian Investor	Read Replies (1) of 1366

Never looked @ Canadian Oil Sands only because I made it a point to reduce my volatile commodity holdings names down because I was going to take a heart attack because my return for the year was sinking. I am trying to stay away from the commodity sector deflation is on my mind right now and I already fired my bullets too early in the coal and NG sectors. Saying that I have been buying LUK who has the bulk of there holdings in the commodity sector lol and ABH who is now RFP if you missed the syb change. I am trying to play it safe with high quality names and loads of cash until there is more clarity. If Canadian Oil Sands was hedged I would be all over it an unhedged oil company in this market makes me jittery. This is not a normal recovery, this is a mess. You have to have the bulk of your money in high quality not the time to swing for the fences. Thinking of high quality names with attractive yields as bonds right now is a pretty good idea especially with 10 year T-bills hitting 1.64% today. What is stopping oil from hitting 50-60 a barrel or lower? If NG can go under 2 an MCF well oil can go much lower and it still looks a little frothy here around 90 compared to NG. Most oil companies already reflect 60 dollar oil IMO, but you know like I know if oil goes to 60 a barrel well the companies we like will be priced @ 40 dollar oil, so they can go even lower. Watsa is looking more right everyday with his deflation call and this makes me want to stay away from commodities here until there is a major global stimulus plan. If you are trying to preserve wealth you need to be diversified and in high quality here there is no reason to be a hero safe and borring is the way to go with a few spices kind of like how Yacktman plays.

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