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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (22617)	3/10/2005 9:20:00 AM
From: Cogito Ergo Sum	Respond to of 108880

Can't argue with that.. 55$ oil is not needed to fulfill US administration strategic goals.. but I do not think 20$ oil is viable for that either... or they will be overpaying.... I still remember Primewest overpaying for Cypress... the top was in.. but the down cycle was a lot shorter... Funny I recall being happy @ 30$-35$ oil 'cause it was not too pricey and CanRoys payed fat distributions... Looking for that middle ground. We already know what happens when it goes to 10$, The economist will announce it is headed for 5$ :O) Kastel

To: SliderOnTheBlack who wrote (22617)	3/10/2005 3:11:22 PM
From: Taikun	Read Replies (2) \| Respond to of 108880

XOM CEO's motivations? $27bn in cash, not replacing reserves, buying back stock. There! He said it. The cheapest oil is in the stock market. Period. I guess they want to buy some companies at lower prices and want to talk the market down? Where are the hard questions in this interview? Ones like: 1. How much of 2004 production was replaced? 2. What's XOM's reserve life? 3. What does XOM think of BP not investing in oil and rotating into solar and other alternatives because there are no elephants left? 4. Is that true, are there no elephants left? I wouldn't put this guy at the top of the list. It isn't reality. Simmons and Coxe are much closer to reality. As for oil dropping, well who's going to look for anything but elephants at, say, $20 oil? If there aren't elephants left, then the numbers simply don't work. I'll bide my time here. Oil is in my retirement account, and the oil stocks I hold value oil at $2/bbl or less. We shall see who should be at the top of the list.