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


To: LoneClone who wrote (10515)6/7/2006 11:31:25 AM
From: MonetizeMe  Respond to of 25575
 
There must be some lurkers trying to jawbone the prices down. I certainly interpret this piece in a contrarian fashion.



To: LoneClone who wrote (10515)6/7/2006 11:32:50 AM
From: insitusands  Read Replies (2) | Respond to of 25575
 
"World leery of oilsands
Rothschild analyst: Foreigners fail to commit over fear of oil price crash"
"The hydrocarbons industry has been cyclical for 100 years," said Mr. Bernabe.....There is no reason why it shouldn't remain cyclical. If [oil] prices collapse, then you got in [the oilsands] at the wrong time. I personally think there is never a missed opportunity when you have to pay too much."

Articles of this ilk keep me very bullish on the long term prospects of the oil sands.

First off, I know that there is a ton of oil on the ground right now and that oil prices could easily correct. However, Bernabe's argument that because a FINITE resource has been cyclical it therefore will always be cyclical is pitiful. The world is presently burning approx. three time as much oil as is found every year and no major oil fields have been discovered in decades but the price is still going to go down because it always does. WOW! He obviously failed philosophy. He's not alone though, both BP and Exxon are on record as non believers in peak oil and they were barely able to replace there reserves last year (Im not sure that BP even did replace its reserves). The Saudis have just admitted that they have to cut production and other than my posts of two days ago and yesterday only kidl on this board has said boo about it. The world and especially the stock market is in for a major league unpleasant wake up call!

P.S. LoneClone, who are you picking for the world cup?



To: LoneClone who wrote (10515)6/7/2006 11:36:30 AM
From: Mac  Respond to of 25575
 
This article certainly not address the last 2 years of take overs starting a .25 a barrel reserves to the latest $4.00 per barrel for reserves. Looks like someone with a keen interest it cheap premium properties to me.



To: LoneClone who wrote (10515)6/7/2006 11:39:59 AM
From: Fishfinder  Read Replies (2) | Respond to of 25575
 
<<<World leery of oilsands
Rothschild analyst: Foreigners fail to commit over fear of oil price crash>>>

Amazing

One minute we have the whole world drumming to the beat of empty oil drums, with overwhelming facts and figures to back up their fears.

And all of a sudden old Rothschild Europe spills the beans and informs us all its a hoax. Pretty much everything they state flies in face of every other document on the subject over the past two years.

Talk about market manipulation.

scott