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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (55643)	11/6/2004 2:03:20 AM
From: energyplay	Read Replies (2) \| Respond to of 74559

Thunking' The E&P oil and gas stocks have about one more leg up in the next year, and are likley to be in a multi-year bull market, but they have stretched valuatuions for some current holders. These holders will be replaced with new holders who are happy to pay 10-12 times earnings.... Right now, value seems to be rippling outward from the commodity producers to other parts of the value chain, like transportation. I have two rail companies, Norfolk Southern NYSE:NSC and Canadian Pacific NYSE:CP. Both have nice charts, even a dividend. As more commodities are sold, they move by rail. Wheat, soybeans, timber, paper, coal, gypsum, iron ore, more coal, petroleum products, perlite, cold rolled steel, more coal, cold rolled steel with mustard on the side, faith based initiatives, wood pulp, scrap iron and yes more coal. For US Dollar zone players, the CP dividend comes from Canadian dollars....

To: TobagoJack who wrote (55643)	11/6/2004 2:05:21 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Sometimes it is useful to gather more data, look around, go to conferences, ask people, etc. Sometimes good investments are obvious: then you don't have to thunk so much.

To: TobagoJack who wrote (55643)	11/7/2004 7:32:34 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

Jay about a year ago you were a great fan of NEM. Interestingly even that the price of gold went up in USD NEM is about the same after visiting $35 range - any explanation - to much forward hedging ?