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

To: chowder who wrote (104481)	7/4/2008 9:50:06 PM
From: orkrious	Read Replies (1) \| Respond to of 206329

ROFL. You've never seen any of my 16,000 posts. You're preaching to the choir. <g> We do disagree about this: At least in the next 6 months. Then we can look for a bottom in financials and other sectors. That's waaaaaaaay to soon. <g>

To: chowder who wrote (104481)	7/5/2008 2:51:21 AM
From: energyplay	Read Replies (2) \| Respond to of 206329

We should remember that in addition to fund redemptions, there are huge profits locked up in commodity stock equities. Consider that many people and funds have been buying these stocks for a few years, and we are talking about doubles, 3X, 4X and more. If we were working for one of the commodity companies and had stock options for a number of years, we would now have too much net worth in company stock and need to diversify. Many baby boomers are nearing retirement age, etc.

To: chowder who wrote (104481)	7/5/2008 8:39:43 AM
From: elmatador	Respond to of 206329

Angola open to foreign investments in oil [ 2008-07-04 ] Madrid, Spain, 4 July – Angola is open to foreign investments and to all oil companies interested in operating in the country, the Angolan oil minister, Desidério Costa, said Wednesday at the Ifema Convention Centre, in the north of Madrid. Speaking at the ministerial session of the 19th World Oil Congress about Angola’s strategy and the business opportunities in the sector, Costa said that the number of oil companies interested in Angola had increased over the last few years. "Oil has been explored in Angola for decades, but over the last tem years the number of oil companies interested in operating in the country has risen considerably,” he said. "The Oil Ministry has set up policies and strategies to allow Sonangol and foreign companies to carry out production operations and development of the sector, according to the needs of the country, as well as the interests of the operators,” the minister said in his speech. Angola’s current oil production is around 1.9 million barrels per day, and it is expected to rise to 2 million in the short term. According to Sonangol’s chairman, Syanga Abílio, speaking in an interview with Angolan news agency Angop, Angola will stabilise its production at 2 million barrels per day as of August 2008. (macauhub)