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

To: E_K_S who wrote (31070)	5/29/2008 9:58:58 AM
From: Madharry	Respond to of 78744

Simmons was on cnbc this am touting peak oil. ot WMT is looking great It is one of the few retailers that can be safely owned now so I expect the stock will continue to perform in 2008. Think low price, one stop shopping, a prime candidate for rebate check spending. It is the only retailer that I own.

To: E_K_S who wrote (31070)	5/29/2008 11:39:30 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78744

I totally agree that the only way for oil demand (and price) to drop is for the oil producing countries to stop their subsidies. Most likely not going to happen though. I am firmly in Peak Oil camp and I don't think oil price is high due to speculation. I am not sure about other commodities, so I mostly avoid them. Even with oil, I have sold some of my positions that I believe to be fairly valued to overvalued. I still remain strongly weighed towards oil/gas though. IMHO, any oil price pullback to <$100 should be used to accumulate. Eventually, we should survive peak oil and diminish its need. I don't see that happening in 5 years. 10-15 years - maybe, 20-25 years - pretty certain (that's why Buffett or Munger said something like that oil will not be very important in 25 years). But I think there is a lot of oil money still on the table until then.