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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (20797)	8/5/2007 11:06:44 AM
From: carranza2	Respond to of 217591

Despite terrific profit growth, the oil co's are saddled with miserable p/e ratios I think b/c of the formerly cyclical price of oil. The only cycle I see now is one going straight up, with shorter and smaller dips down. The recessionary risk also definitely affects them, and I think that this is for obvious reasons a siginificant risk at present. But recessions come and go. We are in the middle of a superspike period for oil and indeed at the beginning of a superspike period for most commodities, metals and agriculturals included. I think this is the principal economic theme for the next decade. Latch onto it on a maintenance free LTBH basis for a few years, and you will prosper mightily.