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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (48913)	8/19/2005 8:10:53 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Oil Surges—My Top 3 Energy Plays by Toby Smith Editor, ChangeWave Investing August 2, 2005SEND TO A FRIEND \| GET FREE ADVICE A couple months ago—based on the best research in the business—we told our readers that energy prices would slip and give you the opportunity to load up on our high-paying energy trusts and the like...as short-term bargains. I sure hope you did—now that oil has surged past $60 a barrel (it’s currently around $62 following the death of Saudi Arabia’s King Fahd). Did anyone think oil was headed back to $30 a barrel? U.S. GDP was just adjusted upward, and we're the biggest oil-guzzlers in the world—for now. But what we use now is just small-fry, compared to world demand 10-15 years down the road. China and India were exporters of energy just a few short years ago. Now they're net importers—in a very big way. And their economies have just begun to enter the modern age. Worldwide supply is dropping, because the big North Sea fields are all tapped out. Big players around the globe replaced just 45% of the oil they took out of the ground last year—down from 95% just three years ago. Think OPEC will bail us out? Think again! The cartel has LOST control. They never thought China and India could grow so fast. And they completely miscalculated—or lied about—how much oil they could pull out of the ground. Alternative energy? You're just tilting at windmills. New supplies? We're reduced to fighting over frozen tundra, populated by caribou, that might—just might—power our SUVs for a few short years. Wake up and smell the sulfur. Our so-called energy policy is ROTTEN to the core. We're running low on fuel—and even if the world was awash in the stuff, we don't have the means to get it where it needs to go. The supply/demand equation is totally out of whack! And you can cry at the pump as oil moves from $61 to $80 or more over the next few years. Or you can laugh all the way to the bank. Even if you hesitated before, I urge you to load up on my top three energy plays because, let me tell you, they've still got a long ways to run. One of my favorites is a nice, conservative infrastructure play that looks destined for a 50% gain, plus dividends, over the next 12-16 months. As I've said before, drilling is just half the problem. The other half is getting what you drill from here to there. And after a lot of looking—"due diligence," as we call it in the biz—we've just recommended the single best NON-regulated gas and oil pipeline play in all of North America to our ChangeWave readers: Enbridge (ENB) Enbridge has a big presence in ALL the areas of GROWING production in North America. Their systems contain approximately 8,500 miles of pipeline and deliver more than 2 million barrels per day of crude oil and liquids. That’s the key to this investment. Enbridge's current infrastructure targets many of North America's developing energy basins, including the Alberta oil sands, Texas tight gas and Alaskan gas. Since the company gets paid by the amount of oil and/or gas it moves through its pipeline, and because it has more acquisitions on the way, Enbridge is EVERYWHERE you want to have a pipeline company, which is good news for you. Plus, the firm has completed a number of acquisitions that are accretive to earnings, bringing my earnings estimate to just over $2 share during the next 12 months. And once I factor in that earning power, we get a likely 50% GAIN from here. And that doesn't even include dividends, running at about 3.4% from here. Remember, this company gets paid by the amount of oil and/or gas it moves through its pipeline - so it's a valuable play no matter what energy prices do. And that makes it a fantastic investment for us. And I'm not even telling you half the story here. Bottom line: This is the best pipeline play in the Energy Infrastructure ChangeWave we've found yet.