[Micki]

WAS that a comment to CFU?
Yeah, they lost a bundle of money on the markets.
The product still seems to be progressing. I was actually surprised the share didnt' drop more.

[kiwichick]

no WAS Wasabi Energy

see announcment 10/9/08

[dsula]

Hi,
Is there such a thing as an oil stock? I'd like to invest some money in oil, but I don't want to deal with options and I don't want to invest in companies. Is there a stock, tied 1:1 to the oil price?
thanks

[AAA]

You buy futures but it is a deadly game if you don't know what you are doing.

You sound like an inexperienced investor. Am I right?

[AAA]

Or buy the USO an oil etf.

[dsula]

$this->bbcode_second_pass_quote('AAA', 'Y')ou buy futures but it is a deadly game if you don't know what you are doing.

You sound like an inexperienced investor. Am I right?

[AAA]

$this->bbcode_second_pass_quote('dsula', '
')Can you please explain what USO is and also what an ETF is. Thanks.

[dsula]

$this->bbcode_second_pass_quote('AAA', '
')If investing was as easy as buying something and forgetting about it for 10 years then everybody would be rich.

[AAA]

$this->bbcode_second_pass_quote('dsula', '
')So how is this done? And what exactly does USO do? They invest in what? Or do they buy millions of gallons of oil and bunker it?

So there's a chance that even with skyrocketing oil prices, this USO can go broke, right?

[TreebeardsUncle]

You are bettter off investing in oil companies not futures as the former are far more predictable than the latter varying according to season, the business cycle, the investment supply, and the supply/demand squeeze-induced ramp.

I did very well last year in a company called Helmerich and Payne which produces flexible drilling rigs. I bought in during November of 2007 when the stock was around $32/share and sold in June of 08 when it was up in the $70s/ share. Due to additional investment in the interim my return in this was on the order of 90% in those several months.
That was before the demise of Lehman, resultant credit freeze, and following market crashes this fall.
Though I had sold out last summer, I bought back in too early starting heavily in September. The economy is driven more by credit than by oil.
Am still doing well with short-term plays in Contango Oil & Gas as well as a few other drillers and Visa (which just makes money on the card transactions and does not hold the debt). Have a deal with WFB so I don't pay comissions on the first 100 trades in each of 4 accounts. If you are serious about learning how to trade stocks, I am open to discussing it, but don't expect to let things run on cruise control. I am doing well by out-playing short-sighted fools and lazy ignorant shiftless people and those who are too involved with work to deal with the details.

G

[dsula]

$this->bbcode_second_pass_quote('TreebeardsUncle', ' ')If you are serious about learning how to trade stocks, I am open to discussing it, but don't expect to let things run on cruise control. I am doing well by out-playing short-sighted fools and lazy ignorant shiftless people and those who are too involved with work to deal with the details.
G

[AAA]

$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('TreebeardsUncle', ' ')If you are serious about learning how to trade stocks, I am open to discussing it, but don't expect to let things run on cruise control. I am doing well by out-playing short-sighted fools and lazy ignorant shiftless people and those who are too involved with work to deal with the details.
G

[dsula]

$this->bbcode_second_pass_quote('AAA', '
') I read a few hours a week, keep track of the markets and latest news and basically double my yearly income because of it. Some years are better some are worse but it is not that hard.

[JBinKC]

I think the USO is a pure rip off. It invests in oil futures. It has underperformed crude oil benchmark prices badly in the upswing last year and with current contango built in futures prices continues to have a subpar return.

I think it is best to buy a firm that is either grossly undervalued on their P1 reserve basis or is able to massively add to reserves. In that search I would also consider balance sheet issues as their are now plenty of companies especially that are smaller cap now with going concern issues.

[kiwichick]

CNM carnegie corp

wave power and desalinated water

[kiwichick]

CNM aquires global rights

asx.com.au CNM Carnegie Corp

[kiwichick]

BLG

www.bluglass.com.au

possible solar photovoltaics

[Starvid]

$this->bbcode_second_pass_quote('', 'P')ARIS (AFP) – Oil producers have cancelled or delayed 170 billion dollars' worth of investment in recent months, the IEA said in comments published Monday, underlining the impact of the economic crisis. Falling oil prices, tight credit markets and slumping demand have stunted investment, the International Energy Agency's chief economist Fatih Birol was quoted as saying by France's specialist Petrol Industry Bulletin.

"In recent months, petrol groups have cancelled or postponed about 170 billion dollars (122 billion euros) in investment," he said, adding that the cancelled and postponed projects cut production by 6.2 million barrels per day. Daily world oil production is about 83 million barrels per day, according to the IEA, which has also predicted demand will drop by three percent this year, the sharpest fall since 1981.

Birol said oil investment was hit hardest in North America and the North Sea, while the Middle East was relatively spared since production costs are lower there.

[Maddog78]

Yeah, it sucks, especially for a guy like me who's in the E&P business.
Plenty of my colleagues have been laid off.
I can see the same problem as a couple of years ago happening again.
When they decide to ramp up their E&P budgets it will be very difficult to hire qualified people.
Many I know (50+) have said this is it for them. They won't return to the oil business.

[AAA]

$this->bbcode_second_pass_quote('Maddog78', 'Y')eah, it sucks, especially for a guy like me who's in the E&P business.
Plenty of my colleagues have been laid off.
I can see the same problem as a couple of years ago happening again.
When they decide to ramp up their E&P budgets it will be very difficult to hire qualified people.
Many I know (50+) have said this is it for them. They won't return to the oil business.