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

To: Taikun who wrote (22656)	3/10/2005 3:23:38 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 108880

>> oil stocks I hold value oil at $2/bbl or less << Which one's are those? Any decent sized co's left w/out major political risk at those prices?

To: Taikun who wrote (22656)	3/10/2005 9:14:25 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 108880

re:["We shall see who should be at the top of the list"] Okay, XOM CEO Lee Raymond doesn't work for you - he's part of the vast right-wing conspiracy to talk down Oil so he can buy a competitor cheaper... Who do you want to listen to about Crude Prices ? - how about we add Carl Ichan to the list ? He wants KMG to lock in present Oil Prices & start selling forward and spinning off assets. **************************************************************************************************************************** yahoo.reuters.com Icahn urges Kerr-McGee to exploit high oil prices Thu Mar 10, 2005 03:35 PM ET NEW YORK, March 10 (Reuters) - Billionaire financier Carl Icahn on Thursday urged oil and gas company Kerr-McGee Corp. (KMG.N: Quote, Profile, Research) to exploit high energy prices, reiterating his earlier pleas that it sell proven reserves as commodity futures. Funds belonging to Icahn -- a feared investor who made his name during the 1980s hostile takeover era -- recently bought nearly 5 percent of Kerr-McGee's stock and urged it to raise $10 billion to buy back shares. "(Kerr-McGee) should not miss the opportunity to lock in high oil prices," Icahn said to Luke Corbett, the company's chairman and chief executive officer, in a letter filed with U.S. regulators. **************************************************************************************************************************** Ichan certainly brings some gravitas to the Crude Price debate. Hardly a Bullish take on future Oil Prices. CNBC had Rick Santelli live from the Floor in Chicago today at the close commenting on the technical break in Crude. Crude is teetering on the fence here and an awfull lot of spec's are hanging literally by a thread ...with the Large Commercials standing in the wings, poised like PacMan. Bulls have hyped everything but the Pope of late in an effort to move crude thru the prior highs...but, it hasn't happened. We've had negative price action on high volume in Oilpatch stocks. ...and that aint a good thing. When Crude breaks hard... like they say at WalMart: Watch out for falling prices ~