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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: quidditch who wrote (21182)	9/6/2006 10:39:16 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 52153

A month ago we were out of oil, now suddenly we have the biggest find in 3o years! Right. It's the oil giants paying Bush back for his friendliness towards them - just in time for the election. You think I'm kidding - just watch! steve

To: quidditch who wrote (21182)	9/7/2006 12:43:56 AM
From: RCMac	Read Replies (1) \| Respond to of 52153

As to the Chevron find, there are a lot of risks, variables, and slippages in timetable between the find and getting the black stuff to a pipeline to a refinery, no? There's a wealth of discounting here. There is an articulate and extremely well-informed discussion of energy topics in general, and in particular of the Jack 2 exploratory well completed by CVX, DVN and STO on the Investor Village board for (by historical accident) CWEI: www1.investorvillage.com (The board was created when Yahoo went funny in July.) The board includes a lot of people employed in the industry -- owners of independent E & P companies, employees of those co's and of the majors, geologists, engineers, etc. -- and other investors. The discussion goes forward on a very high level, sort of analogous to how biotech is discussed around SI. The discussion of the Jack 2 find and its relation to peak oil, and of the astonishing media hype surrounding it, started yesterday AM and has gone on for two days. Here might be a good place to sample it: www1.investorvillage.com also www1.investorvillage.com and www1.investorvillage.com and www1.investorvillage.com Also, over the weekend there was an impressive discussion of the likelihood that a US slowdown, with the deflating of the "housing bubble", might significantly slow Chinese growth and bring on a global recession -- probably the only way in which demand for crude would slacken enough to bring the price down significantly. That discussion got going about here: www1.investorvillage.com It's a very busy board, but not at all Yahoo-like, and is almost always intelligent and civil. Some of the most useful contributors are northbeachfl2000 (retired Salomon Bros and hedge fund guy), agrossfarm (who some will remember from the Yahoo IGEN board), rdesroch, rodv1938, brookpe, johnnygambi, junknomad, suderle, thewahlmighty, robry825, and ninestreams (an articulate and intelligent skeptic and short). I post pretty rarely, not knowing enough to post more. The recommendations are a fairly reliable guide to the usefulness of the posts (except today when a lot of rec's went to a discussion of a pumper-stalker called "doktor_stocks", seemingly a bit unstable, who was ejected by Investor Village management).