Seeking Alpha

Retirefund's  Instablog

Retirefund
164 Followers
17 Following
Send Message
Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
My blog:
Retirefund
  • Keystone pipeline to be stopped by Obama Administration 0 comments
    Jan 20, 2012 9:24 AM | about stocks: TRP, OIL, SU, CVE, BP, PDCE, XOIL, XOM
    The Obama administration just announced they will block Trans Canada Corp's, Keystone pipeline from the Canadian Oil Sands into the United States.

    As I have said before, if your neighbor keeps telling you to stay on your own side of the fence, that is exactly what you will do, even if it hurts your otherwise good neighbor.  Does the green movement really believe this will somehow stop the development of the Alberta Oil Sands, arguably the largest deposit of oil on the planet?  Not hardly.

    Canada, and it's pro business, Conservative government of Prime Minister Stephen Harper, are bent on developing this massive resource further into the 21st century. Buyers, from China to Korea are lining up in Asia and salivating as Canada is now forced to proceed with the "northern gateway" pipeline to Kitimat British Columbia, on the west coast, where this precious resource will be sold to Asia, to the future detriment of the United States and its top trading partner, Canada.

    Whinston Churchill once said that, "America always does the right thing, after it exausts all other avenues".  I wonder if that is true in the case of North American energy security.

    Only time, and one election, will tell.




    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Stocks: TRP, OIL, SU, CVE, BP, PDCE, XOIL, XOM
Back To Retirefund's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • $RDOIF.PK Ext. Speculative but...Big partners may be lurking in the bush of South Australia for Rodinia Oil-->http://dld.bz/cEnQX #XOM #SU
    Jun 12, 2013
  • You may not agree with JSK, but he makes a good argument for physical gold and silver now..http://dld.bz/czDTU $GOLD $ABX $GG $GLD $SLV $BRD
    Apr 22, 2013
  • $DTLK CFO/CEO buys in Feb and sells in Apr. I like this stock, but closer to $10, hopefully under that!
    Apr 11, 2013
More »

Latest Comments


Most Commented
Posts by Themes
(TSX-SGR), 1211.HK, ABX, AIM-NUS, America, ASE-LNC, ASX: ORE, ASX:GXY, ASX:RDR, bld.t, BLD.T SGR.T BRD.T TLH.T RM.T WLC.T NUS.T, BRD, BRD-T, Canada, commodities, corn, deficit, economy, employment, Energy, energy, etf-long-short-ideas, ETFs, food, funds, gas, GG, GG ABX KGC BRD SGRCF.PK GLD SLV GLDI GLDX PSLV PSHY SPPP, GG GOLD GLD ABX KGR AUQ AUMN SLV NEM ANV BRD, GLD, GOLD, gold-and-precious-metals, GPHEF.PK GPHOF.OB GRPH.OB AGIN.OB BNCIF.OB CHGL.OB DARDF.PK NANO NANX.PK NASRF.PK NGEN NNBP.PK, Gulf, housing, jobs, Juniors, LAT-T , LIT-T, LIT-TSXv, LIT-v, LNCGY.PK, long-ideas, managed mutual funds, Market, Mexico, NUS-T, NYSE, oil, OIL,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.