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

To: ChanceIs who wrote (77955)	1/15/2007 12:32:28 PM
From: CommanderCricket	Respond to of 206158

A little over the top with enough truth to be scary. If you believe Kunstler is even remotely correct, then buy long lived reserves in the ground. Currently CNQ trades about 4x CF and has 50 plus years of reserves. COS, SU and ECA are others worth buying and holding. To think several analysts have downgraded these companies to hold/sell based on what is going on this winter. CC

To: ChanceIs who wrote (77955)	1/15/2007 12:47:38 PM
From: Umunhum	Read Replies (3) \| Respond to of 206158

The Cantarell is Collapsing. Anyone out there read this? p088.ezboard.com A snippet from the article – “According to the PEMEX 2007 Annual Operating Plan, the development will be producing 700 Mb/d less than the maximum achieved last year, which was 2.1 MMb/d.” The Cantarell went from a maximum production of 2.1 mbpd last year to 1.723 in January of this year to a projected 1.429 by December of this year. Don’t worry though they’ll make it up the decline with other production. I wonder if they are going to be an exporter in 5 years? Then here’s an oldie but goodie about the Ghawar: home.entouch.net When you step back and analyze the big picture it’s getting easier and easier to connect the dots. Matt Simmons is saying that within two years “peak oil” will be accepted as fact. Here’s an interesting graph from the above article: home.entouch.net Keep in mind that during this time frame from about 4/2004 on - the Saudis promised 500 tbpd to the market about 3 or 4 times that never seems to materialize. And now the Saudi rig count according to Charles Maxwell has gone from around 10 to 100 and soon to 120. So whom do you believe? The Saudis say they are going to increase production to 13.5 million b/d by 2012: rigzone.com Matt Simmons has an “educated hunch” that puts production at 5 million b/d by 2012. You can view his educated hunch on slide 44: simmonsco-intl.com We live in interesting times! When is the U.S. going to tell Chavez that it is an outrage and embarrassing that a foreign power owns 100% of Citgo and he must surrender 51% of it to us? I know that I’m starting to sound like a broken record but I believe Don Coxe. Buy oil companies based on long life reserves in politically secure areas of the world. (PE ratio, cash flow and other fundamental valuation metrics are secondary). The Canadian oil sand companies have assets that cannot be replicated. My Portfolio: 25% COSWF 25% SU 15% CNQ 15% ECA 15% NXY P.S. No one posts this site any more: weather.com It looks like that blue blanket is going to envelope the other half of the country.