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

To: gregor_us who wrote (104119)	7/4/2008 7:30:08 PM
From: orkrious	Read Replies (1) \| Respond to of 206291

Anyway, it's been 2+ years since I was in SU as CNQ, COS and NXY drew away my attention. But starting last week, I got back in. I'm buying both the common, and the LEAPS for 2010. Take a look at this chart (WTIC left-hand scale, SU on the right). until that fateful day six weeks ago SU has tracked crude very well for the last two plus years. SU is selling for the same price it was when oil was just over $100. oil could suddenly sense a world-wide depression and plunge back to $100 and unless there is something sinister happening that no one knows about and SU's long-term relationship with crude is changing, SU probably doesn't have a whole lot of downside, maybe 10% to reflect a dissatisfaction with oil investments. assuming your theory is correct, it should be onward and upward. [edit] I see Stock_Charts doesn't post my complete chart, and linking the chart doesn't work either. WTF is up with Stock_Charts? do I have to do something different to get it to post a longer time frame and an overlay?

To: gregor_us who wrote (104119)	7/14/2008 6:04:50 PM
From: gregor_us	Respond to of 206291

Barrick's deal for Cadence is additional proof to me that Big Oil remains shrouded in a bubble, and fails to see the folly of letting cash mountains build instead of buying smaller companies. We have not seen a mega-deal in energy since COP bought BR--now 2.5 years ago. Meanwhile, users of oil like Barrick are obviously operating under no delusions. And to boot, look at the offer a South Korean manufacturer of ships made to PetroCan just week before last. (to finance PCA/PCZ's development). Sure, there are have been a ton of smaller deals in the patch. Shell bought Duvernay today, MRO took WTO last Summer, plus the North American NG space has been active. OXY bought ERF's Joslyn 2+ weeks ago. Still, every single one of the majors could have bought much bigger Names the last two years. 25-40 billion dollar Names. XOM is clearly among the most foolish, allowing an enormous build-up of USD denominated cash on their balance sheet. As I have written before on the CWEI board, if you love the USD, you'll really love XOM. So I was delighted to see the Barrick deal for Cadence. At some point, this decades's bull market in oil and gas will resolve itself in a buying panic of both shares on the exchanges, and takeout deals. I think we are getting close. Gregor