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

To: CommanderCricket who wrote (76868)	12/27/2006 10:43:32 AM
From: manalagi	Respond to of 206223

Just look how low the P/E's oil oil stocks. To cite a few: Marathon, Valero, Conoco Phillips, etc all having P/E 7 or lower.

To: CommanderCricket who wrote (76868)	12/27/2006 12:38:20 PM
From: ames	Respond to of 206223

<<The problem is WS still isn't properly valuing the reserves of these stocks based on $60 oil.>> How true. The bias on the Street has had folks groaning on these boards for ages. And now we have an exquisite paradox: the alarm of climate change working via mild winter to calm the alarm about Hubbert scarcity that ought to be raising valuations. Never a dull moment in this game. FWIW, heads up on CNR, up significantly today, perhaps on inside news re the longtime balky Manavi well which may finally be about to cough up some pay.

To: CommanderCricket who wrote (76868)	12/27/2006 5:07:28 PM
From: Rarebird	Respond to of 206223

>>The problem is WS still isn't properly valuing the reserves of these stocks based on $60 oil.<< The market is beginning to discount a raid on corporate profits in 2007. Whether the market is right or not is another question.

To: CommanderCricket who wrote (76868)	12/27/2006 10:02:09 PM
From: dvdw©	Respond to of 206223

WS knows stuff, like the trillions of barrells yet to be discovered right under the state of Iowa.....or the fields lying just outside the Chesapeak Bay...bigger than the GOM. Yep, WS knows stuff because in the end the markets weighs everything, including myths with momentum, WS has many problems, but the weight of evidence isnt one which is easily dismissed, and the weight of evidence is often too hard to suppress. Price in the oil patch is artificially high, based on the evidence.