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

To: Umunhum who wrote (109764)	9/18/2008 2:37:36 PM
From: carranza2	Respond to of 206154

Thanks for your comments concerning TLM. I like it a lot, too. Bought it in the low, low twenties and have not let go. Might start accumulating it again in the 15s. First came onto my radar wehen you mentioned it and I thank you. TLM's market cap is slightly less than twice its revenue. I don't know if you are interested in oil contractors, but Jim Grant has made a cogent argument for McDermott. Lots of cash, lots of contracts [probably lots of future work thanks to Gustav and Ike] is the bottom line.

To: Umunhum who wrote (109764)	9/18/2008 5:39:28 PM
From: donc	1 Recommendation Respond to of 206154

U..well thought out..you make a compelling case.. donc

To: Umunhum who wrote (109764)	10/3/2008 9:55:41 AM
From: Wyätt Gwyön	2 Recommendations Read Replies (1) \| Respond to of 206154

"If the economy plunges into a serious recession, oil prices might fall again to $10 barrel after temporarily surging as high as $200. And this is no joke." petroleumworld.com that seems highly unlikely, but even a fall to $50, not to mention $30 or $20, is possible and should be considered in portfolio weightings imo. having said that, i believe the equity carnage thus far is due to distressed selling, not due to the market magically "knowing" where crude will go. but just because the selling today is not due to fundamentals (i.e., equities are discounting prices below the crude strip) does not mean the fundamentals won't eventually catch up. and in our reflexive financial world, significant panic in the markets can and will cause a change in real-world consumption, which will lower demand and hence prices. which way will it go?