[Heineken]

Threatening to dive into 60s . . . how low can it go?

One factor feeding into this is the big fat zero this hurricane season is shaping up as. A lesson to those too ready to heed the word of "experts." Remember all the hurricane hype? Gone with the non-wind. I know, the season still has time . . . but weather patterns can be like the Rock of Gilbraltar once they get established.

I've got my oil-stock portfolio all sold off, profits neatly socked away . . . now the question arises as to when to buy it all back.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('Heineken', 'T')hreatening to dive into 60s . . . how low can it go?

[ClubOfRomeII]

$this->bbcode_second_pass_quote('Heineken', 'T')hreatening to dive into 60s . . . how low can it go?

[turmoil]

$this->bbcode_second_pass_quote('ClubOfRomeII', '')$this->bbcode_second_pass_quote('Heineken', 'T')hreatening to dive into 60s . . . how low can it go?

[Heineken]

You're in Richmond? I'm about 40 miles west, near Mineral.

Good to know there's at least one informed person in Richmond (Mineral, population 500, doesn't count).

[Heineken]

$this->bbcode_second_pass_quote('EnergyUnlimited', '')$this->bbcode_second_pass_quote('Heineken', 'T')hreatening to dive into 60s . . . how low can it go?

[Zardoz]

$this->bbcode_second_pass_quote('Heineken', '.')..One factor feeding into this is...

[Heineken]

Could be, Zardoz. I wouldn't put anything past those bastards. The question is whether even they have the power to pull it off. Some of the price factors are out of their control---like the weather.

[BastardSquad]

$this->bbcode_second_pass_quote('turmoil', '')$this->bbcode_second_pass_quote('ClubOfRomeII', '')$this->bbcode_second_pass_quote('Heineken', 'T')hreatening to dive into 60s . . . how low can it go?

[paoniapbud]

I'm all for conspiracy theory and all but the powers that be manipulating the global oil market? Unlikely at best.

[jesus_of_suburbia_old]

No way it goes lower than $65 again. It was in the seventies before the Lebananon/Israel shenadigans and BP's Prudoe boo-boo.

[jato]

Every few months it takes a run down to the 200 moving day average (which is $67 right now). This is nothing new.

[evilgenius]

I like Anadarko too. They have taken advantage of perceptions to buy up reserves. Too many of the big companies have over stated their reserves. Anadarko will be positioned well about two years out when the reality of now can't be gotten away from any longer.

That being said the world still has a lot of little fields that haven't been exploited yet. This goes for South America as well as off shore US. Those fields will be expensive to develop so oil prices wil have to remain high or the world simply won't have that oil. As they are brought on and consumed in the, what is it, eighteen month cycle the world will face the nightmare of limited sources. That is when the problem of over stated reserves will hurt some investors, when no more can be pumped out of already overtaxed ME fields.

I think there are two major things that will effect the price between then and now. The first is a possible withdrawal, redeployment, from Iraq. The second is a terrible recession. I think both of those will be huge buying opportunities as the sheeple will run from oil thinking that a temporary price collapse is indicative of geological truth.

[Lighthouse]

around $70 on 321energy. Is that the result of the Israel/Lebanon ceasfire or why? Any ideas?

[rwwff]

Five thousand covert Republican agents descreetly selling ....

[Lighthouse]

Ok it's up on 71 again. Profit taking or this free energy thingummy?

[rwwff]

Uncomically... I think you're watching the jitter. There is no rhymre or reason to the jitter; its just random chance of when someone, or a bunch of someones come on the market to buy. 50 day moving average, or even just the daily high-low bar chart are better things to pay attention.

[Lighthouse]

$this->bbcode_second_pass_quote('rwwff', 'U')ncomically... I think you're watching the jitter. ...

[Heineken]

Anadarko paid a lot for Western Gas, but it will still be a winner for investors in the end. I (and some others) predict that Anadarko will ultimately be bought by a biggie like Exxon or Chevron.

Only problem with Anadarko is that you're not paid to wait. The dividend sucks at less than 1%.

Well, oil price is up substantially this a.m. Hope I didn't wait too long to start buying oil stocks back.