jayjayjay1212

Oil Sector Flush with Cash, Expect M&A - Canaccord Analyst

HAHAHA 30$ oil... What an irrational investor, I'm guessing he was the first one to call oil at 250$ when it was trading at 140$ + ...

By the way, the integrated companies know the long term equilibrium price should be more towards 100-120$ in real dollars, just as the International Energy Agency mentioned in their study. BrotherMaynard, if you know more than the IEA, please tell us how you got this good and why you are not CEO or on the board of any of the big energy companies!

As Warren Buffett says, better to buy a great company at a good price than an average company at a great price. The great names in Oil Sands (Suncor, Canadian Natural Resources and Encana) would fit in the former category, so the big guys in Energy are likely shopping around as we speak in order to boost their growth prospects.

As for your ''Time to move on'' statement, most of us are actually WORKING in this sector, so this is our job, we are not ''moving on'' to the next ''hot sector'' as I'm sure you already have done. We actually study the fundamentals, not what Roubini or Cramer are saying.

Disclaimer: I own Suncor shares



On Nov 21 12:37 PM BrotherMaynard wrote:

> omg, this site is relentless about hoping for commodity names. integrateds
> have been around for almost centuries now...and that for good reason.
> They don't make crazy assumptions, esp. given the crazy nature of
> crude. $49 of oil is historically extremely expensive. Integrateds
> know this. So why would they pay for an incompetent company that
> can't manage when oil falls below $60 now, rather than wait until
> oil hits $30 and it goes out of business...just buy it from the Ch
> 11 judges.
>
> It was a bubble folks...time to move on.