toomuchgas

Dow 30 Overbought / Oversold Edition

Stocks are probably going to tread water for a while, but with money market yields close to zero, fundamentally most dividend paying stocks are cheap. I'm long until interest rates start to rise.

Oil Majors Should Just Buy Real Gold

Oil companies should buy oil sands assets while they are so cheap especially COSWF and DVN. Oil and gas will go up faster than gold when the economy improves. You need oil for economic growth, you don't need gold.

Boone Pickens' BP Capital Funds Down Significantly

The gloom and doom we are hearing is the worst I've heard for decades. Looking at my stocks, none have cut their dividends, several have raised them. Market gurus including Cramer are saying sell. People are taking their money out of money market funds and putting it under the mattress. It feels like a major technical bottom so I'll hold and put new money into stocks, especially beaten up REITs.

The Market's View on Oil

I don't buy the premise that oil is going to $60 hence I still own PCZ, COSWF, CVX, and DVN. Even if oil does hit $60 I am holding and buying these stocks at current prices or below. PCZ, COSWF, and DVN should be able to grow production and earnings.

Barron's Banks on $100 Oil

The Saudi's are just blowing smoke up our ass again. They don't have the capacity to increase production unless you count the heavy oil that no one wants. Stay long the oil companies until it all runs out or Obama nationalizes them.