Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (1661)	9/15/2001 9:06:59 PM
From: Frank Pembleton	Read Replies (2) \| Respond to of 36161

Kastel, I want you to note Anyer's post on the possibility of tanker traffic disruptions; he’s bang-on with his concerns. Since this is WW3 trying to get a tanker through the Straits of Hormuz is going to be nothing short of a suicide mission. I’ve been looking though the E.I.A. to see where exactly the U.S. gets its oil. OPEC - 54% The biggest producers are: Saudi Arabia – 18% Venezuela – 14% Nigeria – 9% Iraq – 9% Non-OPEC – 46% The biggest producers are: Canada – 14.5% Mexico – 14% The U.S. has 22 days of inventories within the refineries and 60 days of inventories within the SPR. If and when the President decides to stop playing guidance counselor, there are three places that could and should be nuked; Algeria, Libya and Iraq – I don’t believe we’ll miss the oil, both Algeria and Libya contribute next to nothing and are havens for terrorists. I’d spare Afghanistan until they cough up the criminals so we can have live television executions, then we can nuke’em. As for the oil investments, companies like Husky Energy and PetroCan are discounted for $18 oil, I believe (after last week) that discount is now gone. I’m estimating we’ll see the stock price of the integrated oil companies rise at least 40%. Other companies I like are Suncor Energy and Canadian Natural Resources. Note: I hold Husky Energy. Regards Frank P.