sharksm

Support for Crude at $111?

Having been an energy investor since the 1990's, I have found technical analysis almost useless. Oil is a demand story, and China's lowered demand are solely the result of Bejing slowing down it's industries and driving for the Olympics. China growth is still over 10% and while I don't expect $150 oil, I do expect oil to averaqe over $120 for late 2008 and 2009. My oil investments, including integrated, e&p and service companies made plenty of money on $65.00 oil, let alone $100 plus. Since this present correction, insider buying has increased which indicates to me that the guys who know the business best are still bullish. The biggest threat to the oil companies is Obama, who if elected will be a pawn for Harry Reid & Nancy Pelosi and try and tax the companies out of business. Check out E, the Spanish integrated oil company that yields over 6% and would be immune from American Tax policy. Also Petrobas would be a good choice if the American people are dumb enough to elect Obama. At 74, nothing would surprise me!

Investing in Dividend Paying Companies

One comment worth considering. I purchased 1,000 shares of MO over 28 years ago and re-invested the dividends for over 20 years until I had amassed 20,000 shares (including splits). At the current time, I hold 20,000 MO, 20,000 PM and 10,000 KFT (I sold about 3,000). My current income from this original investment is over $70,000 a year, twice what I paid for the original Investment. I also have long time positions in other blue chip companies that have multiplied many times from my original investment.

Dow 30 Earnings Reports

This is about the most useless article I've seen yet!

Can Big Oil Balance Shareholder Interest Against National Interest?

You play the blame game. If the cost of producing oil has gone up, it must be some sort of conspiracy. The facts are that easy to find oil is gone and Asia is sucking up all excess supply for their rapidly expanding economies. XOM is no responsible for the price of oil than you or I. Oil is traded on a world wide basis, and those who blame "speculation" and say control futures traders, would find themselves laughed at by the traders in Hong Kong, England and Europe. This country has already regulated business to the point where it is far more reasonable to establish a new business overseas. Your view is the typical Liberal view that someone else is responsible for the world's ills. When we have politicians who insist Saudi Arabia produce more oil, when they refuse to allow more production off shore, in the Rockies or in Alaska, they should look in a mirror when they blame others for the high cost of oil. When they say, "well, it will take five years to get production from Anwar", it's the same thing they said ten years ago. XOM is no more responsible for $4.00 gasoline than I am for some poverty stricken bum who wants to sit on his ass and get supported by some Government program, that we taxpayers have to pay for. Only in America, I cannot be forced to support my own adult children, but can be forced through my taxes to support the children of some illegal alien. With guys like you, what a country!

Can Big Oil Balance Shareholder Interest Against National Interest?

I see no reason why an oil producer is responsible to find a product that will put them out of business. That sort of technology is best solved by private Industry. Oil companies have no more moral responsibility to the public than the food industry which charges high prices for foodstuffs and has higher margins than XOM or CVX. The oil companies sole responsibility is to their stockholders, not "some over all good" which is a socialist concept.

20 Guidelines for the Individual Investor

About the only think he forgot to say is "don't buy after they go chapter 11"

20 Guidelines for the Individual Investor

Just about the most useless example of advice I have had the misfortune to read. Filled with generalizations and names that have already have had good run. Advising to sell when an insider sells stock in most cases is not as meaningful as who the Insider is and how his annual pay is computed. Watching a CEO & Management buy is far more bullish than watching a director sell. Adice such as seal at a "peak" ridiculous, unless you have a ouija board, to tell you what the peak is. Successful Investors do not sell winners, but losers and let the winners run. I have a position in PM, MO & KFT that started 30 years ago with 1,000 shares and now is 20,000 MO, 20,000 PM & 13,000 KFT. When should I have sold? My dividends amount to over $75,000 a year, twive what I paid for the original position. What "peak" would he have had me sell at? I did the same with PG, JNJ, XOM, etc

Oil Majors' Divergence from Crude at Record

These morons who want to end "speculation" and "hedging" and buying "futures" are too dumb to realize that oil is commodity traded world wide. Speculators and hedgies can buy and sell on the London or other exchanges, whereas eliminating such activity here will have no effect on priceds, demand or supply. The Congress is the problem, not the solution to high energy prices. To tell OPEC to up their production while refusing any more production increases here in the U.S. is idiotic and just typical of the hacks we send to Congress election after election. The people who blindly continue to vote for their Congressional Reps and Senators who refuse to allow more drilling for oil deserve $8.00 gasoline, not $4.00. And they will get it, should Obama get elected.

Nationalizing Oil: Well-Intentioned, But Wrong

If you want to know how efficient Government is, just look at OTB (Off Track Betting) in New York. It's the only time in recorded history that bookmakers actually LOSE money!!!!!!!!!!

Nationalizing Oil: Well-Intentioned, But Wrong

If you think Maxine Waters is clueless, spend a little time listening to Obama. He makes her sound like a P.H.D.

Nationalizing Oil: Well-Intentioned, But Wrong

Maxine Walters is a well known idiot and probably one of the least intelligent in Congress, which is saying a lot. In a group made of the most mediocre "executives" in the world, she shines as the worst. The fact that the American people continue to re-elect such morons to Government never ceases to amaze me. The older I get, the more demoralized I become about our Political situation. Having to vote for the least "worst" of the candidates election after election makes one wonder if we wouldn't be better off with a benevolent, but intelligent dictator.