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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: profile_14 who wrote (64448)5/16/2006 6:28:25 PM
From: CommanderCricket  Read Replies (1) | Respond to of 206336
 
profile,

Its much more then an oil substitute play.

The story with BTU are its huge coal reserves, multiples above any other company out there.

For $16 billion dollars you can buy a company that is the world's largest private-sector coal company. Their coal provides fuel for approximately 10 percent of all U.S. electricity and 3 percent of worldwide electricity. Only $16 billion dollars!

Think of the valuations of other companies that provide so much for so little. GOOG - 10x as much for a search engine. Some day, these type of valuations will be reversed.

Its my largest position and plan to hold it for years. Also think CCJ is in the same league when petroleum becomes to costly to burn.

CC