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long_on_oil » Comments » APC

  • Boone Pickens' BP Capital: Rebuilding in 2009 [View article]
    I follow T Boone and I think he is a fantastic investor. It made me sick when he dumped his transocean because I held mine. Now I see he is back in Transocean. The only difference between Boone and me is that he probably made 100% on gettng out and then back in and I am still underwater at an average price of $98 a share.
    Oh well, live and learn.
    At least now I can feel better about holding my Transocean. I just need to pay closer attention next time he gets out.
    Jun 14 12:35 pm |Rating: +5 -2 |Link to Comment
  • Six Companies Poised to Gain from a Natural Gas Auto Mandate [View article]
    Great article...right on. After T. Boone Pickens appeared on 60 Minutes I loaded up on COP, BP and CHK...lol We all know what happened since. However, I do agree with the author, natural gas is the future of vehicle fuel. We read that there is a 100 year supply but what is that based on, current consumption or future consumption and what do we base it on, 10% auto use or 100%. As natural gas consumption increases so will the need for exploration to increase the supply and as a result the price will increase significantly but the price will probably never exceed gasoline which is tied to oil.

    If you remember Pickens brought up the fact that distribution is the major obstacle to the use of natural gas as the main automobile fuel source. Congrats to Utah and their foresight.
    Jan 18 11:52 am |Rating: +3 0 |Link to Comment
  • 6 Natural Investments in Natural Gas [View article]
    The ratio of oil to natural gas energy wise is 6:1 so eventually both will settle on prices that reflect the ratio. So $7 nat gas equates to $42 oil etc. If you are investing in natural gas that is a very important ratio to remember.
    Natural gas is now $5.88 that translates to $35 oil or if natural gas comes back to the current price of oil it would be at $7.60. The two have been drifting towards the ratio for the past 3 months.
    Dec 13 10:31 am |Rating: 0 0 |Link to Comment
  • Chesapeake: When Gas Prices Will Recover [View article]
    There is a huge difference between being a great CEO and a great investor. That is why McClendon lost his shirt by purchasing his own stock on margin. Warren Buffet is a great investor but even he admits he is short on the CEO side. That is why he buys companies with great management and leaves them alone. I have been enlightened by the posts after my first post today. That is why I love Seeking Alpha, there are more investment smart people on this site than any other I am aware of. Keep up the good posts.
    Dec 10 17:00 pm |Rating: +1 0 |Link to Comment
  • Chesapeake: When Gas Prices Will Recover [View article]
    If we as investors in CHK can not believe or trust the management then we need to sell our shares and move on. Personally, I am not a Kool Aid drinker but neither do I fully understand everything McClendon does. I do place a lot of faith and trust in him so I personally will not sell any of my shares.
    As an investor you need to ask yourself a couple questions. When is the best time to drill for reserves, when the price is down and drilling rigs are available and cheap or when the price is high and you have to pay out the nose to get one?
    If he needs to sell more shares in order to get money to explore, then lets let him. If CHK wants to sell newly discovered reserves in order to find more, then lets do it. We have to place our confidence in McClendon.
    Dec 10 08:59 am |Rating: +2 -1 |Link to Comment
  • Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)  [View article]
    I like most of you have watched Cramer for years. I use to think his advise was the greatest thing since sliced bread. I backed up the truck on RIG at $110 and did likewise on NOV at $54. Well, RIG went to $163 and NOV went to the 80's. Why did he not tell us to sell then. Instead he puts a sell,sell,sell on RIG at $84.
    He would cover himself by saying I always tell you to take some off the table...and he is probably right.
    We all hate to hold losers but RIG and NOV both are international and they will be back. My take on Cramer now is to ignore him...he is in panic mode and his brain is not working right.
    RIG has 10 years of backlogs and NOV does too. The fundamentals on both of these companies is still sound so if you sell now you are doing so at your own peril.
    I would say buy, buy, buy....let's see which one of us is right.
    Two others to buy DE and MOS...absolute steals at this level.
    Oct 09 12:54 pm |Rating: 0 0 |Link to Comment
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