long_on_oil

16 Comments

    • Wall Street Breakfast: Must-Know News [view article]
      Rachael is doing a great job...keep up the good work. I read WSB every morning and if it weren't for the picture and note of the authors name, I couldn't tell much difference.
      And to all you Obama fans, the numbers are correct....they are just painful to you. You Obama fans are just jealous that our VP candidate is better looking than yours...lol

       Aug 29 11:35 AM
    • Wall Street Breakfast: Must-Know News [view article]
      GM's catering to the Unions which eventually lead to $ 190 billion in pension fund liabilities via the health insurance and retirement income paid to retirees is what has GM in the toilet. You are right about the fact that GM can not react fast enough but that is because they don't have the resources to react.
      This should end once and for all that the car companies are in bed with the oil companies. The car companies are going belly up while the oil companies are making record profits.
      The labor unions have never gotten it, there is no such thing as it is us against the company. Us is the company so when the company dies so does us. If the company prospers so does us. Labor unions have never understood short term sacrifice for long term gain. It has always been give it to me now and the hell with tomorrow.
      Labor unions destroyed GM, Ford and Chrysler because management let them so in the end the failure of american car companies can be blamed on both parties plus the american public for putting up with the negotiation process.       Aug 01 12:34 PM
    • Wall Street Breakfast: Must-Know News [view article]
      Pilar
      If you open a Schwab account they will give you a program called Street Smart pro. This program allows pre market and after market trades along with normal hours trading. You can sit and watch all the shares being traded and actually watch the price movement.
      The program also provides fantastic charts that show live moving averages along with the Relative Strength movement.
      I trade pre market and after market with it and it works great.

       Jul 28 05:24 PM
    • ConocoPhillips: Why the Sell-off? [view article]
      Check the trend line of COP and you will find that it has been making higher highs and higher lows until that changes you do not have a bear market trend. COP increases its dividend, thus protecting the bottom. For example I purchased BP in 2003 for $34 when it was paying a 5% dividend. BP now sells for $62 and still pays a 5% dividend but my orginal purchase is yielding 9.5% and that is only 5 years. If you are an investor you have to be long in oils for the above reasons.
      BP has been the worst of the big 5 energy companies and it has been great. I currently own BP, COP, NOV and RIG and I look at these pullbacks as time to buy, at least that has been the case the past 5 years. Don't fight the trend.
       Jul 19 10:50 AM
    • Q1 Earnings 'Triple Plays' [view article]
      I have owned Ricks for over a year now and this stock never ceases to amaze me. They are consolidating all the upscale gentlemens clubs and they are consistantly beating earnings plus same store sales are fantastic but the stock goes nowhere. You would think that high gas prices would effect this stock but they haven't. If Ricks continues this trend it has to eventually break out or it will be selling at 4X earnings...lol
      Apparently even bad times don't effect mans desire to drink, eat a great steak and look at beautiful naked women.
       Jul 10 11:21 AM
    • Wall Street Breakfast: Must-Know News [view article]
      I would sooner put all my money on a single number at a roulette table than invest in Russia. I don't feel one bit sorry for BP and I own 1000 shares...lol This just shows why BP is lagging all the other oil companies. Poor judgement. And no I can't sell the shares because the dividend is yielding me over 10% based on my cost.
       Jul 01 09:36 AM
    • Jim Kingsdale: Selling SQM and Bullish on Dryships [view article]
      After seeing the natural gas powered Honda on the Today show I have my doubts about electric (battery powered cars) being the future of automobiles. 36 mpg plus a range of 220 to 250 miles makes the new Honda a must consideration for local driving. You can refill the car everyday at your house and the average cost is $2 a gallon. You better start watching CHK or COP.
      Distribution is critical in establishing an alternate fuel source and as far as I know almost every small town in the country has natural gas or at least will have in the future.
      The best plus is we never have to import the product because the USA has at least 125 years supply of natural gas.
       Jun 21 05:26 PM
    • IEZ: Oil Equipment and Services Profits Dependent on Rising Crude Prices [view article]
      If you follow the Relative Strength Indicator you will find that most oil related stocks like RIG NOV Hal etc are still way below the top which is usually about 75. Most of these stocks are currently in the 50's which indicates they still have room to run.
      Even though the oil services companies seem to run opposite the price of oil, the long term prospect for all these companies has to be up. Because we have to discover more oil to keep the world economy going.
      If you are a trader and make your money via short term swings in stock prices then you have to sell on the weakness of oil. But, if you are an investor you must buy and hold this sector.
      If you sell you have to be vigilant in watching for the recovery because the recovery is always faster than the dip.

      Another thing to consider, Brazil is tieing up all the deep water rigs for their new discoveries and this sector is in long term bull mode.
       Jun 19 11:20 AM
    • Exxon Joins Competitors in Moving Away from Gas Station Ownership [view article]
      You can bet your last dollar that now that oil companies are pulling out of retail gas that the remaining stations will control the retail price of gas and the only direction is up. If retail stations are to make a profit and remain in business they will have to have the margins. BP, Exon etc, sacrificed margins at the retail level to keep prices low. This will no longer happen.
      Just shows again, when government gets involved with the free market bad things happen to the consumer.
       Jun 16 09:41 AM
    • Yahoo Destroying Shareholder Value, Internet Balance of Power [view article]
      It is a must now that Ichan take over the company...oust all the board and officers and sell the company to anyone that is willing to pay over $32 a share. Yahoo should be named yo yo because that is what its stock price does. $22 today $32 tomorrow. Jun 13 02:23 PM
    • Transocean: Drilling For Profits [view article]
      Very good article. I have held this stock since Cramer recommended it on Mad Money. It and NOV are probably 2 of the best stocks to own for the long term. This stock may never see $131 again so a pull back to anything from $135 to $140 would be a great buying opportunity.
      There are very few oil related companies that will beat this one.

       Jun 10 02:29 PM
    • The Long Case for Layne Christensen Company [view article]
      There was absolutely no justification for the beating this stock after announcing earnings. If you read the annual report you will find this is a premier company with a fantastic future. Looking at the long term chart of LAYN shows they have only had one down year since 1992. That should tell you something. I am long on this one and anyone with any investment knowledge should take advantage of the free money you will get by investing in LAYN now.
       Jun 04 08:58 AM
    • Berkshire Could Hit $200K Within Two Years - Barron's [view article]
      If we get the kind of inflation you all are talking about...who better to manage your money than Buffet? Most individual investors and so called financial advisers will be left in the rubble.
      May 19 03:19 PM
    • Buffett's Advice to the Berkshire Faithful: Buy Index Funds [view article]
      If you are in your 30's forget index, or Berkshire. Buy COP, BP and RIG and forget about it. The demand for oil will only go down if the world has a major epidemic that kills 25% of the world population.
       May 05 12:07 PM
    • Sex May Sell, But Is It Profitable? [view article]
      Ricks may be selling at a high pe based on past earnings but future earnings projections put the stock at a 20 pe. I'll bet there isn't a single investor that does not wish they had purchased Ricks 18 months ago at $8.38. Apr 07 10:43 AM
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