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

To: CommanderCricket who wrote (73898)	10/26/2006 12:12:13 PM
From: buckbldr	Respond to of 206151

Well said, Commander,....however in regard to this snippet: >>>>The street is littered with companies who thought they knew better than anyone else.<<<< ....I might add that the world is witness to many country failures who thought their governance was superior to the management practiced by their producers....for example, USSR? I personally favor as much unfettered free enterprise as is consistent with the growth and perpetuation of personal freedom, as opposed to virtual relinquishment to control by a so-called benevolent all-wise government. Buck

To: CommanderCricket who wrote (73898)	10/26/2006 11:14:47 PM
From: Spekulatius	Read Replies (1) \| Respond to of 206151

re XOM's earnings XOM is toast if they can't grow production with $60 crude. What did you see that i didn't. XOM'e earnings are stellar From XOM's earnings release I read that XOM's production is up roughly 5% YoY: Oil-equivalent production (koebd) (1) 4,007 3,737 4,241 3,99 This was accomplished spending only 1/3 of cash flow for Capex. Compare this to some of the thread favorites like COP. What is their organic growth rate? They spend about 100% of their cash flow in Capex over the last few years but i still do not see great organic growth, if you even out all the acquisition related growth. Exxon bought Mobil for something like 4$/barrel in the ground and COP spend 3.3 per MCFE of gas (a record price) for BR. Who is smart and who is stupid? I don't own either XOM nor COP but just gaging by the numbers XOM looks like the best managed major oil company by far. I wish CVX (which i do own) could put out numbers like that. They could pay 5$ dividend/share, grow production 4-5% YOY and buy back some stock on top of that. CVX would trade at around 120$ if that were the case. You bet I would not complain.