Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jim_p who wrote (38435)	1/14/2005 1:20:53 PM
From: excardog	Read Replies (1) \| Respond to of 206325

Personally IMO your too early on your call. OSX will have rising earnings this year and probably one of the few sectors to have such. Hedge funds could chase these names much higher in 2005. Also Terry Darling of GS even sounds bullish and that guy called the last top right on the nose. He's forever the skeptic BTW similar to yourself. <g> You will of course always be in the "hall of fame" for your RRI call. But even you can be wrong just look at your recent marriage record. <vbg> All in fun. Scott

To: jim_p who wrote (38435)	1/14/2005 2:01:18 PM
From: Meridian	Read Replies (2) \| Respond to of 206325

Jim_p, since this is all about supply and demand, don't we need to bring on supply in order for the cycle to have peaked? Last I checked the supply was declining - North Sea, which was 70% of all non-OPEC production growth in the '90's peaked in '01 and will head lower every year. Russia is definitely slowing, Mexico's cutting back on capex and has admitted that Cantarell declines at 14%/year, Daqing in China is declining, the major integrateds aren't able to increase production organically -- they all report production AFTER acquisitions. So getting back to supply and demand, unless you expect a global recession, OPEC excess capacity is a bit tight (and the outlook is for more of the same) to proclaim and end to the cycle. JMO