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Strategies & Market Trends : Dividend investing for retirement

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Brumar89
Mannie
rnsmth
To: rnsmth who wrote (24186)1/6/2016 12:38:50 PM
From: JimisJim3 Recommendations  Read Replies (1) of 34328
 
I mildly disagree with that, roni... when energy emerges from a bust this deep and long, it starts out slowly but picks up and eventually catches fire going higher than you can possibly think it will... there truly is going to be a once-or-twice in a lifetime opportunity coming to a stock near you... patience is the key because I still see no signs of a true bottom -- maybe we're at bottom now, maybe not... could go lower... could bounce along at these levels for awhile... mid year at the earliest, IMO...

Something to consider... because the shale "revolution" started in dry gas, moved into wet gas and then hit sweet light crude, the days of the price of oil being 30X or higher relative to ng are over... ng might actually recover before oil does, IMO -- harder to store long term without huge increases in capex... harder to transport... and there's a lot of fuel switching to ng going on just below the surface of the data... for a better read on the actual state of ng, keep an eye on Robry's data (looking slightly bearish right now because of the warm Dec. in much of the country...

Remember that just 10 years ago, more than half of the power generated in this country was from burning coal... last year, ng over took coal to become the primary power generation fuel... that trend is real and will only pick up steam (bad pun).

Good luck!
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