Oil Services HOLDRs (OIH)

All Comments on OIH

  • commenter
    YogiG
    Oct 10 09:42 PM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    Yeah, this guys is having lunch with the idiots at Goldman Sachs and is drinkng the same kool-aid. Remember, GS is responsible for the excessive commodity bull market with the promotion of their GSCI which they really got moving in late 2005. Their "analysts' are anything but independent are are in business to 'predict' the self-fulfilling future that their trading departments demand of them...Interesting how many fools follow thier nonsense - like MS and JPM and AIG - BTW are all these guys either under are headed that way...do no think for one moment that it was all bad paper that these WS firms were holding that were draggin g them down, they lost their shirts this summer and last/this month when their view of the world (ie. commodity prices) caused us all to go off the cliff....The Saudis have stated all year that $88 oil is what we should have and this is where they will prop it up by the end of the year if OPEC prevails...and all that sideline money - it ain't rushing back into commodities...plus we are going to have position limits...So, look at the source of the article and the sources he is using to support his predictions...he is hoping it will will go up becuase he went long in June for 6mos..Buh Bye! Reply
  • commenter
    BrotherMayna
    rd
    Oct 10 04:53 PM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    he's a real-estate developer but he's trading commodities!?!? enough said. Reply
  • commenter
    akapital9
    Oct 10 12:42 PM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    i am not in the business of making predictions but for those expecting further drop in oil consider that the costs to extract oil continues to increase such that lower prices can affect supply. In short, just as high prices elicit demand destruction, low prices elicit supply destruction. Perhaps coming weeks we'll find a balance. It's probably closer to $90-100. Reply
  • commenter
    scammy
    Oct 10 12:09 PM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    mangolfer:

    I just shorted some more DIG & USO.. I'm already ahead..LOL..!!! A blind man can see whats coming.. All metals and ag-commodities are crashing along with EVERYTHING else... This is taking it ALL down.. He's the biggest MORON I've ever seen..WOW..!!!!!!!!!!!...

    Oil's been retreating around $2-4 a day for a while. At that rate in 10 days we get to the promised land..LOL..!!!!!     Reply
  • commenter
    mangolfer
    Oct 10 11:29 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    Hmmm., spoke too soon. Oil just broke $80.... Maybe I''ll wait till it breaks $50 before I stop shorting oil.... Reply
  • commenter
    scammy
    Oct 10 10:55 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    WOW, this guy is smoking CRACK...

    We'll see $45 oil before we see $157..!!!!! What was oil just last year?? Ahhhhh, $64... So between last year and now the supply/demand has gotten THAT out of wack with the worldwide economy on its backside.. They PAY IDIOTS for this kind of advice, no wonder the world is in such a terrible shape..     Reply
  • commenter
    steve Ward
    Oct 10 10:10 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    Better yet, make it 20 pounds, this could be a long lousy market. Anybody see China's electrical demand figures, down they are.What's the backbone of the Chinese Treasury, T-Bonds, CDO's, sub prime debt and exports to the USA, which are down as in down large. Just ask the Mayor of Long Beach California, he keeps numbers on this stuff.
    Asia will revatalize itself, but not until they go through export hell.     Reply
  • commenter
    steve Ward
    Oct 10 10:03 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    I have been involved with oil and oil companies since 1975 when I went to work for Amoco. The history of OPEC is a complete inability to sustain high oil prices. True, OPEC had in the past un used production leadfing to cheating but the point is the same. OPEC needs as much money as they can get their hands on. Development projects delayed could lead to civil strife as many of these regimes are buying off the populace, ala Saudi Arabia, Algeria and Iran and Venezuela. Historically, OPEC hasn't been able to sustain high pricing.
    However, OPEC is good at dragging low prices off the floor but only after several years of effort amongst its members.
    $149.00 barrel oil? I want 10 pounds of what the Goldman guys are smoking.     Reply
  • commenter
    mangolfer
    Oct 10 07:43 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    This guy is nuts. He has no facts to support these claims. Every other article says how demand is dropping off and supply is increasing. Furthermore, oil at $147 helped start the meltdown. Running it back up there would cause a revolution. I'm making money shorting it till below $80 and will see what the numbers show then. Wait till gas prices catch up with oil price slide and see where the demand is. If demand is still dropping, keep shorting..... Reply
  • commenter
    MaxRoul
    Oct 10 04:51 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    "The supply/demand picture has been further confused by hurricane Gustav. When Gustav shut down a number of oil refineries and natural gas facilities, oil prices dropped because refineries couldn’t buy oil from the oil producers"

    I think somebody is trying to pull our leg cjct.     Reply
  • commenter
    cjct
    Oct 10 04:45 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    By the way, DOE just reported that US use of petroleum products dropped to 1999 levels over the past 4-week period. I realize that facts can be inconvenient sometimes, but there's really no way to ignore demand destruction at these levels. Lots of price predictions in the above interview, but a conspicuous lack of supply/demand figures other than the T. Boone pickens slogan of 85 mbd production with 87 mbd demand. NEWS FLASH econ101 says that price adjusts to equilibriate supply and demand. If demand was really outpacing supply by 2 mbd we would be drawing down inventories at record pace. Reply
  • commenter
    cjct
    Oct 10 04:34 AM
    Roger Wiegand: Oil to Reach New Highs by Year-End [view article]
    Is this man serious...no really...is he serious??? He even admits that the US might endure a severe recession/depression that drags down emerging markets in Asia, but then says oil demand will continue to rise regardless of economic growth...It's people just like this who blindly hold to a idea (like the notion that housing could never fall) and allow themselves to lever 30:1 and collapse the banking system. I can't believe this person actually sucks up oxygen that the rest of us in America need. THIS MAN NEEDS TO GO!

    Riddle me this BATMAN? If all of these hedge funds are going under and are being forced to sell their oil positions...then who pray tell will be going long crude oil when the dust settles? I-banks...whoops none of them left; pension funds...i think they've learned their lesson...who...i repeat...who will be in a position to build long positions in an environment of global deleveraging and asset deflation.

    Sure the US and RoW are printing money like mad to try to re-inflate the sytem, but as we exist in a fractional-reserve banking system this really isn't creating inflation because the banks aren't lending.

    Once again, this man is sick...I could see how you could argue for 100/bbl by year's end, BUT 157/bbl...It's almost like some analysts get paid based on the degree of ridiculousness in their reports. I challenge this man to put his entire net worth in January 140 call options on WTI crude oil. If he's right he makes out like a bandit and if he's wrong (but wait he shouldn't because the system can collapse and oil demand will never go down!) then he loses everything and we can stop wasting our time clicking on links to his interviews.     Reply
  • commenter
    The World's
    Worst
    Stockpicker
    Oct 06 01:05 PM
    My Website
    How Do Commodities ETFs Compare to ETNs? [view article]
    The article is very informative. Thanks. Reply
  • commenter
    ETF STER
    Oct 06 12:18 PM
    How Do Commodities ETFs Compare to ETNs? [view article]
    You had my attention until you decided to turn this into an internet advertisement of your newsletter.

    I think that Seeking Alpha should send you a bill.     Reply
  • commenter
    Fred Banks
    Oct 06 09:36 AM
    The Professor Of Commodities: Interview with James Doran (Part II) [view article]
    It's not easy to be a professor in this forum, as I initially found out, but it soon became easy for me because I don't write or talk about things that I don't know more about than most people. Aside from that, it is certainly possible that Professor Doran knows more than I do about finance, because my interest in that topic has slackened, but as for oil and gas, 'he could have stood in bed', as somebody said.

    The basic problem is this: energy economics is still being taught by the wrong people, despite the fact that everybody has found out about the importance of this topic.

    Professor Ferdinand E. Banks (Fred)     Reply
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