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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (28762)	10/31/2007 3:56:23 PM
From: Paul Senior	Respond to of 78747

EKS, That might be a good idea. I hadn't considered it. I'm still just holding both, with a much larger weighting in COP.

To: E_K_S who wrote (28762)	11/1/2007 3:02:58 AM
From: Madharry	Respond to of 78747

i think chk continues to represent a compelling investment. my thesis is the combination of last years october trust massacre and this year alberta royalty regime and the soaring loonie will cause a tremendous decline in the search for more natural gas in canada. Less supply equals higher prices and higher returns on capital for chk. if we have a cold winter it will be even better for chk.

To: E_K_S who wrote (28762)	11/13/2007 7:04:21 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78747

Cutting my positions in integrated oils today with a small sale of some OXY, a smaller sell of some COP, and just a little trimming of CVN, SU, PBR. Closed a full XOM position and remaining PBRa shares. These all in my Etrade account, the account balance of which I am trying to reduce. I'm playing this theory: Integrated are or will have a harder time replacing all of the oil reserves they use. Geopolitical issues and lack of big oil finds are issues. Smaller e&p companies are more nimble and seem more able to replace or increase their reserves. So maybe a focus there is better (Or maybe not. Integrates have money/resources and can support stock with buybacks and div. increases.) Deepwater oil exploration will continue to be in strong demand by the big, well-funded integrateds or governments with off-shore reserves. I cut back NBR (Etrade again) substantially today with a view to add back later. Meanwhile in another account I upped my small positions in Transocean and Seadrill (My bet continuing to be on billionaire entrepreneur Mr. Fredriksen, Chairman). finance.yahoo.com