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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Lorne Larson who wrote (2950)3/21/2002 1:30:29 PM
From: a.handbag.  Read Replies (3) | Respond to of 11633
 
Please stop poking Peter Pan with a pointed stick. You know exactly what response you will get and I can't believe you get any pleasure from it. I know I don't. Fact is PP's investment strategy has rock solid underpinnings and a long history. Is it the only way? Of course not. Is it the best way? Who knows?
It is useless to fantasize about buying Microsoft in 1987, but you seem to go one step further by actually criticizing people for not buying at what in hindsight was a low.
As a long term holder of mainly royalty trusts I am very interested in the long term prospects of the commodities. The current price is obviously set by traders who respond to storage levels, the weather, comments by OPEC officials and geopolitical considerations. For the mid term, months ahead, the economists may have it right by looking at business cycles, industry consolidations and technological improvements. However, long term, years ahead, the only thing that matters is geology. None of the above factors create an extra drop of oil. They can influence production but not reserves. Reserves trump every other factor in the long run. If the mantra in real estate is "location location location", then ours should be "depletion depletion depletion". On this subject, I read somewhere that the reserves in the Caspian oilfields had been revised downward from 200 to 90 billion barrels. Does anyone have any confirmation of this?



To: Lorne Larson who wrote (2950)3/21/2002 2:58:51 PM
From: Peter W. Panchyshyn  Respond to of 11633
 
Not only are you a loser and a gutless wimp, you're also a complete wacko. Get some help.

-------------- Again with the name calling and insults. And yet again you have absolutely no counter to even the simplest of grade school math. Which I provided you. Did you even finish grade school? ---------------
------------- And to top it off you have even the problem of following what it is someone has laid out in plain english. What the only way you have of countering what I do, is to say it is something completely different. You can't even get the obvious. And that obvious is just so easily seen by all here ------------
------------ Interesting that someone who I have had a run in with in the past has this to say , from Message 17228219

"""""""""""""""Fact is PP's investment strategy has rock solid underpinnings
and a long history. Is it the only way? Of course not. Is it the best way? Who knows? """"""""""""""""""""

Now if only these same would take the time to actually go through that historical trading data and do some number crunching of their own , then they would "KNOW" for sure. A few have and as a result are doing the only thing they can and that is follow it. -------------------------------------------

---------- Perhaps this will finally put an end to your "rain of terror" on this board. Instead of concentrating on the trusts. You concentrate on these silly little games. Which have not helped your side one bit. So as this poster has said "stop it" or at the very least , at least stay away from the name calling and insults and provide counters that have fact and data. And refrain from your claims of superiority because the truth of the matter is you just don't show any. --------------