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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: pls418 who wrote (27294)	11/21/2003 2:43:58 AM
From: energyplay	Respond to of 206272

I have been buying Nexen (NXY) as an oil play, since I feel oil has more short term upside (due to China, Venezuela, Nigeria) than natural gas. Looking at graphs on www.oilnergy.com - THe oils, like West Texas, seem to be doing better than natural gas.

To: pls418 who wrote (27294)	11/21/2003 6:37:12 AM
From: quehubo	Read Replies (2) \| Respond to of 206272

Steve - I am glad you like reading my posts, I take some satisfaction knowing I am helping someone besides myself with my posts. I have learned the flipside to the joy induced by a fast rise on margin is severe agony and lost sleep and thus try to be very careful about using it. I have seen enough bullish indicators line up that I will stay close to 100% invested. I will deploy margin when the following conditions are met: 1) High probability of a good run of normal to colder than normal weather 150+ TDD per week, 2) Land rig counts climbing, 3) Robry data not bearish, or he expects a surprise, 4) Stock prices are either breaking out or are near support, I do not think the majors XOM BP etc will be doing anything in the next year or two to give any reason to buy RIG NE DO GSF. Evidently they will wait and see what they can do in Iraq and Russia and some other land opportunities. I agree the expectation that oil prices will drop holds them back from making major investments offshore. Prices may not drop much but the best opportunities do not seem to be offshore right now. I do think that ESV and RDC have good leverage to deep gas drilling in the GOM. I have a little ESV and am looking to add a similar LT posiion in RDC. I think NG demand is stuck between #2 oil and #6 oil prices and raising or lowering oil prices wont change NG demand. The only problem I see is if #2 oil prices cratered then NG demand would decrease to fuel switching.