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 : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: allevett who wrote (10058)	6/9/2005 7:58:02 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: DGO.L - Dragon Oil I'm actually glad that they will continue to trade. A takeout could have brought a quick 30% gain. But it would have robbed us from a company that I view still as having a 3-5bagger opportunity from here.. (like Tullow and Burren in the old days) rgrds CROSSY

To: allevett who wrote (10058)	6/9/2005 5:11:09 PM
From: Crossy	Respond to of 37387

re: MASSIVE SPIKE on the LONG OIL FUTURE !! Long term (Dec 2010) future now above $54 and no end in sight. Contango now maxing out Feb (extended from Dec) with a current price of $57.70 for the Feb 2006 future Just got home and found this table.. Essentially the long end of the term structure of oil futures jumped mightily over the past couple of sessions while the pundits where grilling the front end with vodoo like shrepnel shots from the "usual suspect" rags.. Meanwhile the Dec 2010 and Dec 2011 WTI futures jumped to $54 and no end in sight. China just started to move closer to building an SPR (Strategic Petroleum Reserve) of their own. I heard they will start filling in August... Take a look yourself ! If this isn't meaningful I don't know what is... Bottom line - hold on tight to your belove oil stocks, particularly the reserve rich E&P wonderkids... nymex.com