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

To: SliderOnTheBlack who wrote (71467)	9/20/2006 10:07:17 PM
From: 8bits	Respond to of 206093

"At a 2.7% annual return over the last nine years -- they sure as hell haven't been growth stocks." Well neither have traditional (Big Pharma) growth stocks such as PFE, MRK, and BMY, look at their charts from Sept 97 to now. Not impressive. Especially MRK. SOTB, you've been pretty accurate it seems about calling turns in precious metals especially Palladium last fall.. and on your own board you have declared two turns down in Natural Gas (POst Katrina and August 2006..) However there were 3 times in the last two years that you declared Oil and NG stocks dead for a while on the BDBBR... strangely enough each declaration marked within days the bottom for many E&P stocks. Welcome back :) I guess it's time to get my buy list together. I'll make the opposite declaration, on November 30th 2006 I think these stocks COP, MRO, and CVX will on the average be at least 5% higher from today's close. (And while we wait we can collect dividends on each stock..) I know you like to focus on the 97 to current timeframe for the OSX but it would seem to me there are time references for investing in energy than the 90s peak for the OSX. While we are at it: Offshore daily rig rates have risen throughout the year and Chine is finally getting that oil storage. "China's first reserve facility, in Zhenhai in east China's Zhejiang province, is due to be completed in August and will have a storage capacity of 5.2 mln cubic meters of oil. Three other SPR facilities are currently under development in Liaoning's Dalian city, Shandong's Huangdao city and Zhejiang's Daishan city, and are expected to be completed in 2007 and 2008. Ma Kai, the head of the National Development and Reform Commission, has said that the process of filling the Zhenhai tanks will begin by the end of 2006, but analysts said this decision is by no means final. "We don't know when they will start filling. They've changed their minds 10 times over the past two years, so who knows?" said Deutsche Bank's Hurd. "We had heard at one point that some of the facilities were ready and possibly receiving crude, but then they vehemently denied that and gave different timeframes for when they will be online," said Argus Media's Feer. Finance Minister Jin Renqing last year said China's intends to develop an SPR of 800 mln barrels. That would exceed the International Energy Agency's recommended target of 90 days of strategic oil reserves. "If we are talking about 800 mln that means 130 days of supply...130 days of supply is way beyond what most countries do in building reserves, so I don't think that is a realistic target," said Shum of Purvin and Gertz. If successful, China would become the largest government-owned strategic oil reserve holder in the world, topping the US, which has a capacity of 727 mln barrels."

To: SliderOnTheBlack who wrote (71467)	9/21/2006 12:38:25 AM
From: Frank	Read Replies (1) \| Respond to of 206093

Oh Slider, good to see you back. And yes, I got punched in the mouth. But I have been there before and know it is a long bout. I think if you look at the NG situation objectively you will climb on board with me. 300 bcf being treated like a bubble. The only hope the bears have is a warm winter--no other recourse really. I have so many weapons on my side-- depletion, rigs leaving GOM, 220 new GW of NG turbines, Canada's oil sands, Europe's utter dependence on LNG. I can't lose Man. Pay me now or pay me more later. You see that, I know you do. Don't forget, you were my mentor in the long ago. And I rarely believe in the student outpacing the teacher-- my best regards -- Frank