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

To: Maurice Winn who wrote (63888)5/15/2005 6:13:59 PM
From: TobagoJack  Read Replies (4) | Respond to of 74559
 
Hello Maurice, <<Priced in gold ... oil is still too expensive>>

... or gold not dear enough.

<<something like $1 a barrel>>

... and here I am, at USD 6/gallon, 93 octane very fine, very dear.

More seriously, do you have any answer for this question from a dear, "Do you have any information regarding RD and BP PLC? Rd's dividend yield is now as high as 5%, is there a reason? What's the catch? Maybe the third phase of the bear market is getting near as Russell predicted. When it comes I intend to accumulate oil stocks for their dividends. But first I want to know their resouce locations so I can understand how safe their revenue will be."

Chugs, J



To: Maurice Winn who wrote (63888)5/15/2005 11:00:00 PM
From: Spheres  Respond to of 74559
 
Oil is going to go down in price. Lord Browne, as I said, says oil is too high.

It is hard to believe considering that GW and his Texas oil cronies combined with Haliburton-Dick and the Dept. of Defense to successfully doubled the price of oil in their first four years.

Certainly 3 years from now will be a different story.


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