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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (29071)6/15/1998 3:22:00 PM
From: Thomas M.  Read Replies (1) | Respond to of 132070
 
What is your long term (10 year) view on oil? I've been eyeing CPMNY, who's working with Sunco to develop oil shale deposits in Australia. This is a similiar resource to the oil sands in Canada. A research report I've read based its numbers on $30 oil 50 years from now. I suspect they extrapolated farther into the future than they can see, but call me a skeptic. <g> My plan was to wait for a bear market in oil to buy this stock, kind of a dipster approach. It seems to me that Asia will probably kick in again in the next 5 years, and drive oil back up.

Tom



To: Knighty Tin who wrote (29071)6/15/1998 4:00:00 PM
From: Michael Bakunin  Read Replies (1) | Respond to of 132070
 
Any short-term deflation worries? Dueling devaluations in Asia are the main thing keeping me from commodity plays.



To: Knighty Tin who wrote (29071)6/15/1998 4:32:00 PM
From: yard_man  Read Replies (2) | Respond to of 132070
 
Thinking about AMZN puts. Have I just been listening to blood sucking pests too long or what? <g>


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