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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (1918)	8/21/2005 3:27:48 PM
From: Tommaso	Read Replies (3) \| Respond to of 25575

I would have a hard time finding any links to prove this, but the things that people are saying about energy stocks remind me of the cautions issued back in the early 1980s on the general stock markets. I might as well admit that I did not invest very wisely at all from 1986 onwards. I foresaw the 1987 crash and was out of the market, but kept expecting bargains of the sort that were available in 1974 to reappear. They never did. And I started going short much too soon, about 1998. But I finally got it right about 2002 and recouped losses and made money. The minute I can see where more oil and natural gas are going to come from, I will start getting out, though I don't like putting wealth into any country's paper currency. But I just don't see it. There are no significant addions to LNG being made, and even a pipeline to the Mackenzie Delta might end up feeding mostly into the tar sands projects. Russia and other former USSR countries may have lots of oil, but they are building pipelines to China. I have recently begun building what may end up as a very large position in uranium. Meantime I will hold most of the Canadian positions, the value of which in $US I expect to increase an extra 20% over any other appreciation as the $C reaches parity.

To: Taikun who wrote (1918)	8/21/2005 3:31:02 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 25575

I think that, in all fairness, it should be mentioned that Coxe has been talking about the oil sands stocks for a long time now. So I give him a lot of credit for that. As far as his thesis on the miners, he goes into quite a bit of detail in the conference call this week. Also, the issue of Basic Points that is coming out this week will focus on the mining stocks and refresh his arguments for why he thinks that they offer compelling valuation here. Finally, keep in mind that Coxe has a diverse audience, primarily institutional money, but that his calls are long-term calls and not trading signals. He acknowledges that traders are operating on a different timeframe and may be in and out of these stocks repeatedly but that his calls are based on very long term timeframes. I'm looking to bolster my oil sands positions a bit more, but then again, I was very slow in responding to his suggestion (and yours and others here) to get exposure. Better late than never! Paul