SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?


To: JimisJim who wrote (17949)12/17/2013 7:45:12 AM
From: Steve Felix  Read Replies (2) | Respond to of 34328
 
Seems coal is the big loser, with gas the disruptor. Taking the world as a whole, not sure what to think of oil at the moment,
but many companies already going as fast as they can to get into the gas export business.
With gas prices what they are in other parts of the world, should make for nice profits no?

Never sure what to make of these macro calls. Many times it plays out differently.
When I started driving in 1971 a gallon of gas was .35. I think it was two years later, we had lines and you were grouped into even and odd days.
Don't remember anyone calling that. lol!

Forbes article:

"In 2020, oil production will plateau slightly below production levels in 1970 and will gradually decline over the decade that follows."

forbes.com



To: JimisJim who wrote (17949)12/17/2013 1:35:22 PM
From: chowder1 Recommendation

Recommended By
JimisJim

  Read Replies (1) | Respond to of 34328
 
I was almost exclusively invested in the oil service business when oil dropped below $9 per barrel.

I was sniffing the air and asked a friend, do you smell it? She asked, smell what? I said, opportunity.

Most of the companies I owned back then were eventually gobbled up or disappeared. FLC, MRL, TMAR, GW, etc. I even held your VRC which turned out to be a very nice investment for me.

Although I earned some very handsome profits back then, it was almost impossible not to, the lesson learned during those years, which I got away from, but is now cemented into my business plan, is to own quality. Own the most financially sound companies who have the resources to weather any storm.

My holdings are: CVX, XOM, SDRL, MHR and then in the o&g pipelines, MMP, EPD, KMP, KMR, KMI.

I suppose I could include TPZ in this category although it does include utility bonds.



To: JimisJim who wrote (17949)12/17/2013 8:17:54 PM
From: Mannie  Read Replies (2) | Respond to of 34328
 

Barclays is bullish on oil services, raises price targets
  • Barclays expects the oil services group ( OIH) to significantly outperform the broader equity market over the next several years, and raises its price targets for several sector leaders (Briefing.com).
  • The industry remains in the early days of a prolonged global upcycle, the firm says, and consequently market fundamentals should favor oil services, equipment and drilling companies.