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

To: Michael P. Michaud who wrote (28567)12/29/2003 7:07:57 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 206093
 
I do not own individual comapnies. OIH, FSESX, and RYVIX.

The key point Faber makes is that Asian demand will place upward pressure on global oil prices in the years ahead. So the entire industry will benefit -- not just Asian companies.



To: Michael P. Michaud who wrote (28567)12/29/2003 10:35:01 PM
From: Archie Meeties  Respond to of 206093
 
You might ask BigDog about this, but rigs are mobile, as are capex dollars, so an increase in drilling activity capable of moving these stocks is usually a global event, not just a regional one. In other words, if you want to participate in higher oil prices because of Asian demand, you don't need to look for os companies that work exclusively in China. Instead, you could look for os companies with a global reach. .


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