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


To: Frank who wrote (71053)9/15/2006 12:56:52 AM
From: 1coolpiglet  Respond to of 206096
 
You make it sound if it's some kind of war out there, that one cannot be flexible. Playing both sides has been extremely lucrative these past few years. Many times the down side is even easier to play; such as when ng stubbornly stayed at double digits, even as it became painfully clear the winter of 05 was a bust.



To: Frank who wrote (71053)9/15/2006 3:55:47 AM
From: energyplay  Read Replies (3) | Respond to of 206096
 
The comming bull run may be enhanced by the next few weeks of warm weather and no hurricanes causing natural gas to be pushed even lower, and near panic sales of NG heavy E&Ps.

So we may be going down more - which will make going up look even better.

Consider this the opposite of the Katrina/Rita events, where extreme, sudden shortages push prices and valuations toward the sky...only to have them start dropping on October 1.

I stayed several days too long at that party (down about 25% from peak values - I had used options to increase leverage ;-)

It might take until middle to late October until gas-on-gas competition goes away....

Then enter, stage right, the Bulls friend DEPLETION.

And this time, with many offshore rigs having left GOM for more lucrative parts of the world with fewer Hurricanes, it will be much harder to drill our way out of this. The only onshore things helping will be coal bed methane and Barnett Shale type wells. Much of the coal bed production will be limited because of water issues.

Now, if The Economist or Business Week will run a cover saying "End of the Oil Boom" I will be very happy.



To: Frank who wrote (71053)9/15/2006 7:58:28 AM
From: CapitalistHogg™  Respond to of 206096
 
What bears?



To: Frank who wrote (71053)9/20/2006 9:30:37 PM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 206096
 
re: ["You never count your money when youre sittin at the table. There'll be time enough for countin when the dealins done."]

But, you do need to know when to hold 'em, when to fold 'em...when to walk away...and when to run:

October 1997 -- OSX 140

September, 19th 2006 -- OSX 175

9 years --> 35 index points.

= 2.7% annual return.

It beats S&H Greenstamps...but, not by much.

Fwiw: A wise man once said:

"The OSX is, was and will always be -- a cyclical sector."

At a 2.7% annual return over the last nine years -- they sure as hell haven't been growth stocks.

Remember the Alamo and Friede Goldman,
--SOTB

PS: Yes, he has arisen...not silver bullets, not wooden stakes, not Cityscape, not even Freide Goldman could keep him down:

Member 4370336

Message 5277476

The aluminum foil in my pantry is already twitching....