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05-07-2008, 09:16 PM
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#32
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velocitician
Join Date: Aug 2004
Posts: 26,297
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Quote:
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Originally Posted by JustRalph
Amazingly how out of touch you are sometimes. There have been 7 major fields discovered in the last 5 years. You think China is drilling off the coast because they are taking a guess?
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EVEN YOU have heard of supply and demand.
__________________
"If this world is all about winners, what's for the losers?" Jr. Bonner: "Well somebody's got to hold the horses Ace."
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05-07-2008, 09:52 PM
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#33
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Registered User
Join Date: Nov 2004
Location: NJ
Posts: 2,098
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Quote:
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Originally Posted by Lefty
The President of Shell said they were working on a 7% profit margin.
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might want to be careful about quoting a guy from Shell - they're like Dutch/English so you can't believe those socialists
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05-07-2008, 09:58 PM
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#34
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Registered User
Join Date: Nov 2004
Location: NJ
Posts: 2,098
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Quote:
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Originally Posted by DJofSD
Want to make some money from the need to drill deeper? Buy Transocean, Inc. (RIG).
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RIG - rules!
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05-07-2008, 10:10 PM
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#35
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,814
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Quote:
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Originally Posted by 46zilzal
EVEN YOU have heard of supply and demand.
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What the hell does that comment have to do with you questioning new finds?
Wow, you are on a roll lately.
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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05-08-2008, 09:44 AM
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#36
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Senior Member
Join Date: Mar 2001
Location: Oklahoma City
Posts: 1,718
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Quote:
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Originally Posted by wonatthewire1
RIG - rules!
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No inside info but I think DVN and APC are ripe for takeovers.
__________________
London calling, yeah, I was there, too
An' you know what they said? Well, some of it was true!
(Strummer/Jones)
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05-08-2008, 09:47 AM
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#37
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Registered User
Join Date: Oct 2005
Posts: 21
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Quote:
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Originally Posted by Marshall Bennett
Low voter turnout may be good for McCain , everyone will be walking !!  |
I don't think so--the younger kids aren't voting for him and they are coming out in record numbers--
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05-08-2008, 09:50 AM
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#38
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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Quote:
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No inside info but I think DVN and APC are ripe for takeovers.
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APC take over works for me. I established a position in APC a little over a week ago -- got in on a dip.
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05-08-2008, 09:58 AM
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#39
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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IBD top ten for today:
Quote:
6 The No. 1 offshore drilling firm earned $3.71 a share in Q1 -- $3.80 ex items -- easily beating views of $3.33. Revenue more than doubled to $3.11 bil, above views, thanks to its GlobalSantaFe buy. Higher day rates for its rigs also helped. Transocean (NYSE:RIG - News) shares hit a new high but closed down slightly. Energy companies Pioneer Natural (NYSE:PXD - News) and Devon Energy (NYSE VN - News) also topped on higher prices.
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05-08-2008, 11:31 AM
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#40
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velocitician
Join Date: Aug 2004
Posts: 26,297
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Good news?
Hit a new high in price today with no end in sight. Really good news.
__________________
"If this world is all about winners, what's for the losers?" Jr. Bonner: "Well somebody's got to hold the horses Ace."
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05-08-2008, 12:02 PM
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#41
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,814
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Quote:
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Originally Posted by Fredo515
I don't think so--the younger kids aren't voting for him and they are coming out in record numbers--
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They said this about Gore and Kerry, and the after election post mortems both times found that the "youth vote" was split both times and they "didn't" come out in record numbers.
__________________
WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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05-08-2008, 12:39 PM
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#42
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Veteran
Join Date: Oct 2006
Posts: 1,049
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Quote:
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Originally Posted by ceejay
I've said it before:
The only cure to high oil prices is high oil prices. We as an industry will drill in deeper water and strata and discover more reserves with high prices. We'll be so successful that there will be oversupply and this oil boom will bust.
For those who say "this time its different" I must disagree. We heard that with the tech bubble: it wasn't different. We heard that with the housing bubble: it wasn't different (actually the housing market is quite strong here thanks to the oil boom). I just don't know how long this oil boom will last. I hope 5-7 years to get me to retirement age.
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CJ, I agree with you. I was in the middle of the last oil boom, and never saw the bust coming. People bad mouth the oil and gas industry, but one thing is true, as long as the economics fit, the industry will create supply...to the point of over supply. I am still of the opinion that the Natural Gas Markets are a house of cards, but, will not be tilting at windmills, and let the Markets take care of themselves.
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05-08-2008, 09:05 PM
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#43
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Senior Member
Join Date: Mar 2001
Location: Oklahoma City
Posts: 1,718
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We'll know the boom is ending when they come out with "Oilman: the reality series" on TV.  Seriously we already have car and shoe salesmen playing Landman.
__________________
London calling, yeah, I was there, too
An' you know what they said? Well, some of it was true!
(Strummer/Jones)
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05-09-2008, 02:08 AM
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#44
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,648
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Quote:
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Originally Posted by Fredo515
I don't think so--the younger kids aren't voting for him and they are coming out in record numbers--
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Aw hell, we all know today's youth has serious A.D.D. This whole process will be way over for them by the time November hits....you can bank on that....
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05-09-2008, 05:44 PM
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#45
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Veteran
Join Date: Oct 2006
Posts: 1,049
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Quote:
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Originally Posted by ceejay
We'll know the boom is ending when they come out with "Oilman: the reality series" on TV. Seriously we already have car and shoe salesmen playing Landman. |
In Texas the courthouses are full of people who probably are a discredit to car and shoe salesmen. I think you could make a good living just following some of these companies around, picking up the crumbs that they either miss or screw up..
CeeJay, are you an Independent or a Company Man?
Last edited by ezrabrooks; 05-09-2008 at 05:45 PM.
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