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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (21393)	5/27/2005 12:38:54 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78568

Grommit, geez, I find your post here very unnerving - "This week I moved my stock portfolio to be 40% Canadian Oil Sands Companies..." From my understanding of what I've read of your posts over the past years, that is one strong call. You must be very sure of your research and conclusions to be making what seems to me to be such a large and abrupt change. Very ominous for other stocks, if you're THAT right about oil. And you could be. I've certainly been upping my oil/gas/related positions over the past year or so. And now they account for a nearly uncomfortably large component of my portfolios. I've slowed down as these stocks have corrected, but now maybe I best continue to add. Somewhat worrisome to me that I've slipped here in this sector from trying to make value calls to making a macro call - a macro call that appears reasonable, maybe obvious (therefore wrong?) - yet even if true (oil prices are going up because scarcity increases), doesn't necessarily have to translate that money can be made by buying these stocks now. Anyway, I upped my tiny position in PCZ today at open a little. They have an oil sands component: petro-canada.ca I also upped my exploratory position in rail roader, NSC, by a few shares too. Holding shares of NXY, SU, and a tiny few of CNQ. I might add to CNQ if it retracts a bit from today's good move

To: Grommit who wrote (21393)	5/27/2005 1:34:03 PM
From: Paul Senior	Respond to of 78568

I'll up my small position in homebuilder LEV just a little at current price. Increasing my exposure to the hot hot hot Florida housing market. ---- Possibly not the time to buy for a value investor. Certainly does feel shameful to admit such a buy now on a value thread. -g- finance.yahoo.com

To: Grommit who wrote (21393)	8/2/2005 12:51:02 PM
From: Grommit	Read Replies (4) \| Respond to of 78568

OIL SANDS. Well on May 26 I moved most of my money into oil sands stocks. If you check the original post to this reply, I mentioned 40%, but it was almost 60%. > Deer Creek Energy Limited ("Deer Creek") announced today that it has entered into an agreement (the "Agreement") pursuant to which Total E&P Canada Ltd. ("Total"), a wholly owned direct subsidiary of Total S.A., will make an all-cash offer (the "Offer") to acquire all of the issued and outstanding common shares on a fully diluted basis (the "Shares") of Deer Creek by way of a take-over bid. Under the Offer, Total will acquire the Shares at a price of $25.00 per share, valuing the proposed transaction at approximately Cdn. $1.35 billion. The Offer represents a 45% premium to Deer Creek's shareholders based on the weighted average closing price of Deer Creek's common shares on the TSX for the 20 previous days ending July 29, 2005 and a 39% premium over Friday's closing price of $18.00... I think we are in for another nice price rise and interest in these companies increases. finance.yahoo.com I am not posting for congrats. I am posting because the best time to buy these companies was a few years ago, and the second best time is now. Their EPS estimates are still based on $45 oil. resourceinvestor.com globalpublicmedia.com regards, grommit