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Re: Who Was it Predicted $70 Oil?
Old 08-31-2005, 01:50 PM   #21
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Re: Who Was it Predicted $70 Oil?

Haha: I sold WMC after the buy out news. Good company, lots of ore. Close to China. I've been overly sensitive in the sell department. But that doesn't mean I'll be changing soon. I'm waiting for the China dump too. Lots of hidden problems there. I watch peripheral commodity companies supplying to China. Owned Sinopec for a short while.

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Re: Who Was it Predicted $70 Oil?
Old 08-31-2005, 02:02 PM   #22
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Re: Who Was it Predicted $70 Oil?

Haha:

I would like GE except for the finance arm. That part is gonna tumble some day. IMO I read an article a couple years back regarding the best long-term commodity companies to own. They said the ones between the basic commodity and the end product (retail) were the best--the ones that added the most intelligence to a product (DOW is a good example). They usually made about three times the profit of retailers or commodity providers. That's the known sweet spot for me. But, dang, China complicates things again.

--Greg
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Re: Who Was it Predicted $70 Oil?
Old 08-31-2005, 03:41 PM   #23
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Re: Who Was it Predicted $70 Oil?

Here is an intersting article on oil sands and the possible takeouts down the road.

http://www.petroleumnews.com/pntruncate/420254910.shtml

I often sell too early too. But this one I think I will ride all the way home.

Ha
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Re: Who Was it Predicted $70 Oil?
Old 08-31-2005, 04:04 PM   #24
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Re: Who Was it Predicted $70 Oil?

Ha: I have all these weird, truncated mental processes that I have to go thru now to buy and sell stocks. SU was a hormone stock for me because of the low dividend. It is a buy and holder to a normal person, especially at the price you got it at. I put some of the money from SU into FXEN, my Polish gas explorer. I'm waiting on that one thru a couple more years of ups and downs. This one is volatile, no earnings for quite some time--if ever. Thanks for the tar sands info, good stuff. I promise to pack it away and only slightly distort it when I'm ready to use it.

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