sharksm

The Brightest Stars in the Commodities Boom, Part Two

I love Monday morning quarterbacks. AFTER a huge hit to commodities, our "expert" posts the news to sell coal, etc. Commodities including coal are in a long term uptrend and this sharp correction will be followed with furrther upward momentum. I have been overweight in energy since 1999, and have seen these pullbacks before. While I am most bullish on natural gas ,oil is going to continue to go up in price as long as the rest of the world sucks it up. Asia is adding cars every day and hasn't the natural resources to fuel them. Disclosure: I own 27,000 shares of CHK and have large positions in COP, XTO, EP, WMB, XOM, OXY and numerous oil services as well as pipelines OKS, MWE, KMP, EEP & TPP and coal as well through BHP & NRP.

Gas but Not Least - Cramer's Mad Money (6/18/08)

Cramer is a moron, only exceeded by those who swear by him. I have been Investing in energy since 1999 when oil was $12 bbl and nat. gas wass 1.72 mcf. I have and do still own CHK, COP,XOM, XTO. CVX, HK, numerous oil service & drillers and recently sold DVN which I had purchased at $7.00. Over those years I have heard Cramer scream buy, sell, buy sell, etc. ad nauseum. When a stock is at it's high, he yells, buy, buy, buy, and when it falls back he turns like a weathervane and yells sell. The normal ratio between oil & natural gas is 8-1 not 6-1, and natural gas will probably pull back into the $9-10 area, at which time Cramer with his clownlike appearance will, sweat,a wipe his brow and say take it off the table. He is an idiot and only exceeded by his fans. Since the cost of producing natural gas is less than $3.00 mcf, even $9.00 provides a nice margin. Also look at the drillers and service Companies, like PDC, HAL,RIG, NE, DO, PDS (which pays a 5% dividend), HERO, etc . I own them all.