To: Steve Felix who wrote (24172 ) 1/5/2016 6:13:41 PM From: JimisJim Read Replies (2) | Respond to <Expect I will just hang out there unless/until oil comes around.>... when, not if, energy rebounds it will more than make up for the last 18 mos. easily... this is the way of the sector and happens every single time there's a bust... now, don't get me wrong, I don't see any sign of "bottom" in the sector any sooner than mid year and it could bounce along the bottom a lot longer -- maybe into 2017 or so -- but when it comes back, as it always does after a major bust, it will start out slowly, but end up well above what anyone expects at the moment and eventual total returns will be enormous -- there is a once or twice in a lifetime opportunity in the sector approaching and I am patiently waiting to take advantage of it... first we need a bigger and broader washout in terms of M&A and BKs in the sector as stronger hands (and balance sheets) take the assets from the weaker (highly leveraged) hands -- the assets aren't going anywhere and despite increasing efficiencies, etc., demand for oil worldwide isn't going to go to zero in our lifetime unless someone invents cost-efficient cold fusion or something equally disruptive -- not saying it can't or won't happen, but not likely to reach ubiquitous market penetration in our lifetimes for sure...
