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


To: energyplay who wrote (28556)12/29/2003 11:50:55 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 206321
 
Energy stocks holding up nicely today despite sharp drop in oil and gas prices.

Investment strategist Marc Faber -- who is often early but seldom wrong (he turned bullish on China, gold , and Asia long before the crowd) -- now has turned bullish on energy stocks -- both the producers and the service companies. Sees increased Asian demand pushing oil prices much higher the next few years.



To: energyplay who wrote (28556)12/29/2003 4:12:47 PM
From: Ed Ajootian  Read Replies (2) | Respond to of 206321
 
Agreed, even the "huddled masses" are not pricing in $5.50 gas yet.

Talking about "substantial debt", I've even kept a big part of my formerly huge position in Mission Resources, I think another good quarter or two and these guys should be able to sell more of their properties at top $$$, and get out of a big amount of their debt that way.

Congrats on GASE. I knew I shoulda been more patient with that one. Kept a small position in it at least.



To: energyplay who wrote (28556)12/29/2003 10:26:51 PM
From: Archie Meeties  Read Replies (1) | Respond to of 206321
 
I agree about not moving out of energy just because it's become a bit fashionable. All commodities are becoming fashionable and for good reason.

However, I think the money will be made in the OS side in 04, not e&p. Comparisons to 03 for the e&p companies are going to be much tougher than comparisons for the os group. And e&p might start to see rising drilling costs affect their margins. That's the scenario that favors the os companies.