http://tinyurl.com/62bnddk
'Laszlo Birinyi, founder and president of Birinyi Associates in Westport, Conn., is best known for his appearances as a panelist on Wall Street Week with Louis Rukeyser back in the day. He focuses like a laser on market history, discerning patterns and parallels where the rest of us see only random data points.
'Birinyi called this a bull market early in its move in 2009. And he stunned investors in January when he contended that if this bull stayed true to historical form, the S&P 500 could hit 2,854 by Sept. 4, 2013, more than double the current price.
'Since then, Birinyi has trimmed his sails a bit. In a report issued Monday, he called 2,800 the “best case,” but thinks that under a “more probable” scenario, the S&P would hit 2,100 by 2013. His “worst case,” S&P 1,750, would still be an all-time high.
'So, he’s looking for this bull market to rack up 162%-210% gains from the March 2009 lows. That would put it among the top performing bull markets of the past 50 years.'
Just saying.
Maybe I can retire in 2013.
ReplyDeleteIf you read the entire article, you'll see he's got company.
ReplyDeleteMark I meant this quote is what I didn't understand. "2 firms released 13G's today on BCON. The combined shares held are 14% of the float. GS is one of the firms. That might really create some interest."
ReplyDeleteI completely understand your badass, reversal, knife dulling, capitulation trading system. I thought you might add some fibro on those huge down days that break all near term pivot support lines.
Forget about it now I understand. You would think a company that invented a perpetual motion machine would have a higher market cap.
ReplyDeleteRB- Great, saves me the hassle of trying to explain luck :)
ReplyDelete13G's are SEC fillings firms have to provide once their holding in a stock get's above a certain % of the float.
GS has 7M shares of BCON, or 3.3% of the float and Capital Venture has 21M shares of 9.9% of the float.
Yikes, I was busy trading today. Guess it didn't take too long to get back in the saddle.
ReplyDeleteCP- What about PCAR? The move today?
Re: Birinyi: Best/Worst Case> SPX 2800/1750 by 2013
ReplyDeleteSubmitted by Tbolt (15 comments) on Fri, 02/11/2011 - 20:21 #79632 (in reply to #79631)
Everyone is predicting a strong market this year and next. Is this how it works? Everyone is right and we all make money?
reply Contact the author Bookmark this Ignore thread Ignore user
Re: Birinyi: Best/Worst Case> SPX 2800/1750 by 2013 newSubmitted by 2nd_ave (5261 comments) on Fri, 02/11/2011 - 21:12 #79633 (in reply to #79632)
IMO, there's widespread expectation of a market correction this year (eg, the author of the cited article). So I would say it's business as usual- everyone is wrong, and a few make money.
If you skim back through the pages of this blog, you'll find doubt at DJIA 7000, at 7500, at 8000, 8500, 9000, 9500, 10000 (the market corrected significantly once below 10000, and then never looked back), 10500, 11000, 11500, 12000...
2nd, i believe it could happen. My question is how to play it. We are all basically traders on here I think. Has anyone held a stock longer than a couple of months. Do you think we should all change our methods? Maybe David's buy your favorite stocks and turn off the computer for a year has some serious merit?
ReplyDeleteRB- There's the rub. The market ALWAYS does its best to shake investors out, and that includes us! And if we turn off the computer for a year, I guarantee there will be at least one correction that scares the ---- out of us, when we least expect it.
ReplyDeleteAs recently as Tuesday, I thought CSCO would end the week closer to 24. At the very least, I treated it as a cash equivalent, with its stock price unlikely to drop more than a few percentage points. It's 18 and change today.
Maybe the best way to play it is to WAIT. A correction ALWAYS materializes. But it can't be timed.
My thinking is to continue day trading while waiting for 'the' correction.
2nd, here is what i suggest. Lets paper trade that turn off the computer for a year plan as a test. You make a blog called the time capsule or something more exciting and everyone picks 5,7, 10 or whatever you think best of equally weighted stocks and we let them ride for a year untouched. I'm not really thinking this as a competition more as a competition with ourselves. Can our short term trading beat our time capsule picks. We could check on them every quarter. Like a lot of prior studies we will probably find out that we waste a lot of time, effort, brokerage fees and anguish trying to game the market.
ReplyDeleteVE - Okay, looking at my notes, I had VE as a water play, supposedly they're in about 50% of Chinese municipalities in some form or another, detail of which I have no idea.
ReplyDeleteBCON - Come on now, it's not the old perpetual motion machine, it's an electro-mechanical energy storage device designed to absorb and smooth power grid fluctuations.
ReplyDeleteMy understanding is it's a very large(on the order of multiple tons) wire-wound epoxy coated flywheel spinning in a vacuum chamber on magnetic bearings.
These are in the field and being tested, I'm not familiar with the stated goal, the actual viability, or how well these are fulfilling the promise.
A few concerns:
1) What is the efficiency rating?
2) How effective is the device/how well does it fill need?
3) What is the goal, precisely?
I wouldn't imagine we're talking about a device that could provide energy on a sustained basis, perhaps only a few seconds in duration, depending on the number of devices in a particular vicinity or local.
15% of $58M = $8.12M
BCON - And if such a system does exhibit commercial potential for power grid stabilization, why hasn't GE and/or Siemens/Hitachi/etc., etc., etc., developed the technology years ago?
ReplyDeleteCP- Because idiots like me can remember BCON as beacon?
ReplyDeleteBTW- Your buddy Harlan is certainly a perpetual motion machine. Price negotiable.
I'm going to leave with this slightly intoxicated thought. What if Egypt is just the start? What if we are lucky enough to be witnessing the start of a global revolution for democracy? What if that is the spark that lights the fire of growth in the 3rd world that allows the US to grow our way out of our debit problems? What if?
ReplyDeleteWhat if...
Once last thought. Watching CNN right now via Egypt. Facebook better go public on Monday. Unreal.
ReplyDeleteDoesn't Harlan have anything to keep him pre-occupied? If I spent my day sitting indoors at his age I'd go bananas too, on days I was out catching frogs all day I slept like a baby.
ReplyDeleteYep, I remember ESSO as well, and still have a couple of unopened round oil cans in my garage.
ReplyDeleteESSO was forced to change their corporate name to EXXON following Valdez tragedy b/c everyone started calling them ESSO-Bees.
"What if that is the spark that lights the fire of growth in the 3rd world that allows the US to grow our way out of our debit problems?"
ReplyDeleteYep, kinda makes me wonder if there isn't some underlying plan that's progressing right on schedule. I sure hope so, otherwise we're dead meat!
Looks like you guys had a wild week in RAS and CSCO. I think Mark and TOF are spot on regarding RAS' prospects going forward. I took a commercial real estate MBA course w/ a founder of Post Properties last summer. He sold the company for $3-$5 billion (can't remember specifics) in 2005 to ING. Since then, he's been teaching and playing golf. He told us that now is the greatest time in our lifetimes to be buying residential and commercial real estate. He had been very cautious with prior classes while he was sitting out for 6 years. He told us not to buy one or two investment properties, but 7,8,10... to fully leverage and borrow as much as lenders would possibly give us. He sees rents growing quite a bit going forward. I think RAS is a great vehicle to capitalize on a continued rebound.
ReplyDeleteOn that note, I've been traveling through Malaysia and haven't been able to monitor the market. I've been catching up today and see a few things that are of interest to me. Specifically:
1) A successful blog that I follow has been looking for SPX 1303-1332. For the past 2 months, he has been waiting for February 14th (due to some Fibonnaci mumbo jumbo) for the market to top somewhere w/in that band. He sees a big drop after that date. I'm not saying that Feb. 14th will be a major turn date, but it is interesting to me that he has been watching that exact date for quite some time.
2)Earnings season is just about over, so there is no need for investors to continue to mark up in anticipation of earnings. I see a lull in positive corporate news resulting in bids being pulled.
3)OTC speculation has reached a 15 year high. I just looked at the weekly charts of a few small cap momos. Check out OPEN and NFLX. I see a long way down to their lower bullish trendlines.
http://www.minyanville.com/businessmarkets/articles/otc-market-the-otc-market-pink/2/8/2011/id/32680
4)Smart money bullish percentage always spikes lower immediately prior to market peaks. Smart money bullish percentage has been holding steady above 40% for the past several weeks. It spiked down on Friday to 25% which is the lowest level as far as the chart goes back. Dumb money stands at 71%. The spread is just about at a record extreme.
5) Per Sentimentrader: A remaining concern is skew in S&P 500 options. The CS Fear Barometer has now recorded a new all-time high at the same time overall implied volatility is sloughing along near multi-year lows. So while options prices are deflating overall, S&P 500 index traders are willing to pay handsomely for protection. This may seem like a very bullish "wall of worry" moment, but that theory is bunk, and historically when we see overall implied volatility drop but skew rise, it is not a good sign for the market.
ReplyDelete6) This survey of active investment managers continues to show an extraordinary level of bullish commitment.
The average manager was net 97% net long, tied for the most-bullish overall reading since May 2007. And confidence among the managers is significantly higher than it was even then, as essentially all of the managers were bullish...or at least not bearish. For the second week in a row, the most bearish investment manager was 0% invested (responses can go all the way to 200% short). So even the most die-hard bear didn't dare to be net short this week. Again. There have been only three other weeks where this was the case - 9/26/07, 5/1/08 and 4/28/10. The S&P's three-month returns following those instances was -2.8%, -6.0% and -10.2%. The first two, obviously, get significantly worse the longer out we look.
7) In the past few weeks, we have seen a 4 or 5 to 1 ratio of bearish to bullish indicators per Sentimentrader. This is what we have now:
Bearish indicators:
* Put/Call Ratio - OEX Options Only
Composite Model
Put/Call Ratio - OEX Determination Index
NH/NL Ratio - NYSE
NH/NL Ratio - NASDAQ
Rydex Ratio
VIX Transform
Options Speculation Index
ROBO Put/Call Ratio
Fidelity Sector breadth
AMG Data Mutual Fund Flow
Sentiment Survey - NAAIM
Sentiment Survey - Investor's Intelligence
Sentiment Survey - Market Vane
Sentiment Survey - AAII
Sentiment Survey - Consensus, Inc.
Over-The-Counter Volume
Hedger positions in the Nasdaq 100
% Of Indicators At Bullish Extreme
Dumb Money Confidence
Smart Money Confidence
Bullish indicators:
none
8) And...The only times since 1962 when the 10-year yield rose at least 5% over the past week to a new six-month high at the same time the S&P 500 rose to a six-month high were 2/6/80 and 6/1/09. Both instances saw the S&P top out within a week and lose at least 7% during the next 30 days.
I picked up QID at 10.01 and SDS at 21.11 after hours and am fully invested in inverses. If the market continues higher, I will switch to in the money put options.
CP- No frogs here, but he get's plenty of exercise. Just never really stops!
ReplyDeleteNice right up Jesse!
Best lt investment for this scenario? Simple...2013 leaps on BAC...15 or 17.5 strikes....BAC will be at 1.5 times book or about $40 per share. Our correction? Comes in May when traders anticipate end of qe2...which in my mind means nothing to the economy despite what everyone says. Correction is 8 pct from 1420.
ReplyDeleteTOF- You think we'll hit 1420 by May? Damn, that's bullish as hell. I'm scanning China small caps per your orders right now.
ReplyDeleteMark on Nokia, I just assumed that the agreement with mr softee was null and void and that was the catalyst for the sell off. Man how uncool is msft if an agreement with msft causes your business to be worth 15 % less in a day. i guess it is logical. Who is the loneliest person in the world? A microsoft tablet salesman.
ReplyDeleteI do like Nok here. my only fear is how much stock do the soon to be fired workers own.
RB- Yeah, I read a few articles today now that I'm in the POS. Looks like they are going to purge the engineering guys on the system side. Make sense giving they are going to use Win7. Seems they are going to try the mid range SP's @ about $200 compared to GOOG/AAPL $400 SP's.
ReplyDeleteNOK's hardware is excellent. Might work. Either way, I won't let this turn into a loss. I hope :).
AAPL looks to be building a cheaper iphone, but I kinda bet that isn't a big deal. AAPL fing nuts always want to upgrade.
I like Noks presence in the emerging market. Their new CEO seems to be competent and able to make the hard decisions. Long term I see Nokia as the F of cell phones. Near term I worry about pissed off employee's liquidating what could be large positions in the company. I think on Monday I will put a buy stop above $9.50( if it even opens that low) for a trade that i hope turns into a long term hold. Seems like a capitulation sell off.
ReplyDeleteMark > no I don't think so 1420 but I can see the argument for that...95 eps x 15 multiple. I think we will get to 1375 or so then for sure. That's a 9 pct return for the yr...I think we def get a correction around then bc of qe2 ending. But I don't buy the argument that qe2 means that much...it will correct bc of fear of a slowdown which wont materialize. I think ppl put way too much faith in the fed and forget how biz cycles work. The bottom was put in place because no one was left to sell and prices became waaaaaaay too cheap...not bc the fed backstopped things. That's total bs. If that's the case then we would have never had a downturn to begin with.
ReplyDeleteAnyway...the best way to capitalize on the turnaround is not ras...it will do well no doubt. But their earnings potential is not that geat. Occupancy rates are already high for them...they can rise bc their book value is low and they can sell properties at book and rise to 9 over time.
I think best way to capitalize is to buy beaten down and almost out of biz companies reliant on a thriving economy...im thinking nls acmr and others like those. Throw 10k in each and one of them will give you a ten bagger
That is price to book on ras is cheap.
ReplyDeleteAnd I think u can buy say ten of those beaten up co's...ten k in each...a couple will go to zero..a few will maybe go up a little and a couple will explode. The key is finding them...they're still out there. Or u can just buy $100k of 15 strike bac 2013 leaps and watch them go up 8 fold when merrill lynch and countrywide start adding massive value to bac and the stock goes up to$ 35 to $40...remember those two side biz's were huge companies in their own right at one time...they will be once again
BCON vs VAE.V - Ha, Sprott has taken a 19.9%, (~$9M by my calculation)position in Virginia Uranium holdings Inc., larger than GS's BCON taxpayer funded stimulus position in BCON.
ReplyDeleteCp- I guess your long radiation short perpetual motion?
ReplyDeleteVAE - There are definitely some major headwinds concerning regulating the Coles Hill deposit, but it's an undisputed fact that this is the largest uranium deposit in the US. Some of these headwinds involve the local climate, which could present more of a challenge safely mining the deposit, rainfall and potential for flooding raise concerns about nuclear tailings being washed into creeks, streams and rivers.
ReplyDeleteTEAM. I am long term bullish on finacials also. WHY is BAC better than any large cap bank? Because of those acquisitions don't they have a black hole of debt that is not apparent on their current financial statement?
ReplyDeleteI would like to get a financial company that is a pure play on credit card debt. The new rules "regulating" credit cards were obviously written by the credit companies themselves. A license to steal from the mathematically challenged USA public. I'm thinking Capital One, but not sure what other spaces they are exposed to. Do you have any ideas. I'm interested in the debt side not the transaction side of the business. So V and MC are not what I am looking for.
RB - Unfortunately, I haven't taken a position in uranium as prices have continued moving up.
ReplyDeleteSeriously, I don't feel I have enough hard facts and figures concerning the electricity generation choice of our future, I have greater difficulty believing gas supplies can meet both demand as a transportation and electricity fuel. For me, it's easier to imagine nuclear will become the ultimate selection over wind and solar.
The latest reactor designs are reportedly capable of burning the spent fuels currently on site, not sure if additional reprocessing is necessary or not though.
There's quite a bit I don't know about all these these energy choices, therefore I'm apprehensive about all of them.
I suppose this might explain why I've chosen to stick with metals, specifically moly, b/c my belief is no matter what technology does emerge, molybdenum will play an important role.
The flywheel technology hoopla seems kinda hokey to me, I never knew local diesel generators were used to control frequency, I thought they were supposed to increase voltage to avoid brownout conditions. My engineering background tells me brownouts are a voltage sag issue, not a frequency phenomenon, so the claim that flywheel technology corrects frequency problems doesn't ring my bell.
I wish them luck with their taxpayer-funded science project.
URRE - This one has been a 5-bagger over the last 6 moths, nobody here was interested.
ReplyDeleteKOG is now on the watch list.
ReplyDeleteUREE etc. Yeah, I've talked about being bullish on nuc. power, but the uranium miners had already left the gate.
ReplyDeleteOh contrar CP I pointed out that very same company to you and shark in tandem with some other uranium miner URZ that went on to bagger type gains. i said something like. These stocks are coming up on my technical screeners and asked what you guys knew about them since both you have way more expertise on the off the radar junior miners. If I look at the chart I think I could come up with the date. I think it was october and we probably didnt enter them because they were at 52 week highs. One more stock to beat myself up about.
ReplyDeleteRB- I remember that. Didn't jump on for the reason you stated.
ReplyDeleteSorry CP. It was not that company.I apologize. I found the post. Google is awesome. it was October 15. UEC, URG.
ReplyDeletehttp://tradingtopics.blogspot.com/2010/10/101410-bull-trap-urban-cowboy.html.
One company went up 2.5X the other only .5X. Hell we could of thrown a dart at the WSJ on that date and got those type returns.
A funny thing i noticed. There seemed to be a lot of interest in a company called RAS breaking over $2.00.
ReplyDeleteUranium stocks since they were too expensive on October 15 2010. hope the link works.
ReplyDeletehttp://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=1&chfdeh=0&chdet=1297552826831&chddm=31602&chddi=86400&chls=CandleStick&cmpto=NASDAQ:URRE;AMEX:URG;AMEX:UEC&cmptdms=0;0;0&q=AMEX:URZ&&fct=big
RB- Where are you seeing interest in RAS?
ReplyDeleteRB - Point taken, my memory sucks, dude. A uranium play did and still does, interest me. Perhaps I just haven't been able to convince myself to enough to go it alone, I also have greater than average difficulty monitoring more than a few stocks in addition to index's.
ReplyDeleteEnough with my excuses.
CP- Can you get satellite internet service?
ReplyDeleteGMO - Mark, you had asked why I thought GMO was about to take a hit a couple days ago, not sure if you got an answer... They had just announced a delay on the BLM's draft environmental impact study public release for comment, pushing it out to next quarter.
ReplyDeleteThat said, I did add to my position on the weakness, on the premise that metals should soon be lifting again. My feeling is that some rotation out of metals and into other momo has been the move, and so am expecting a resumption of the metals trend following this consolidation period.
We'll see.
OK, thanks CP. I hope it can come in a little more so I can join you.
ReplyDeleteMark, I've heard satellite internet service leaves much to be desired, I'm still hoping Comcast brings their service out here some day.
ReplyDeleteDo you know your internet service provider's bandwidth? Nobody spends much time describing their access, I assume most everyone but my expectations are exceeded.
Anyway, according to Comcast's site they advertise 12MB, which seems kinda limited for HQ streaming video.
GMO - Yeah, it's become somewhat tricky to assess the misdirected impact of the rare earth bonanza.
ReplyDeleteChina has declared moly a strategic metal, which I believe caused it to be lumped into the RE space somewhat, but China's import/export of moly has actually been net import for some time now.
Anyone can check there connection here... http://www.speedtest.net/
ReplyDeleteMine is usually 8mb/sec.
Some satellite is pretty good. Better than DSL for sure.
I can watch steaming HD fine. It's delayed about 4 seconds for a live event, like sports, etc.
ReplyDeleteA 4 second delay isn't a bandwidth issue, bandwidth issues would result in momentary stoppage of video/etc. when data is consumed faster than can be received.
ReplyDeleteCP- Yeah, I'm guessing it's the time it takes to compress the signal and actually get to me.
ReplyDeleteAnyway, not my area of expertise.
"We're sorry, High Speed Internet (DSL) service Internet 768k to 1Mbps is not available for your account."
ReplyDeleteHughes' fastest service is quite pricey for an internet connection and 1/4 the speed at 2Mb/s, their lowest price offering is competitive with DSL speed but still isn't fast enough to watch streaming video, I don't think.
I know someone who had Hughes, and actually moved b/c he wanted a faster internet connection.
Anyway, moly has trading between $17-$18, without speculation due to typical low volume. China hasn't ordered much since the financial collapse either, supposedly working from stockpiles and in-country sources.
ReplyDeleteSo, PKX will be a big consumer of moly once Inconel production begins ramping up, TC should do well in the shorter horizon and GMO should trade with moly until mine construction begins and profits materialize.
I was just reading an update I got from Stratford. I've said before this is the only news feed I pay for. Forget any wet business with Israel. If push came to shove, Egypt would be the loser.
ReplyDeleteStratford is predicting a spreading revolt among the gulf/ African region with increased instabillity. However, they have not made a longer term call.
Middle East - We should discuss this subject.
ReplyDeleteEgypt - They've already stated they intend to honor the peace treaty with Israel.
All Stratfor could say was to anticipate a spreading revolt? I didn't have to read Stratfor to hear that message.
It would be nice if Stratfor had some ideas of the impact on the global economy, if this phenomenon will become a disruption or if the middle east is about to take a larger positive role. I could imagine oil prices potentially spiking, therefore they won't.
I don't think this phenomenon has anything to do with war, isn't it about people who want human rights? What specific kind of rights do they want, Western style or some derivative? I don't know.
Of course the market doesn't like uncertainty, so all eyes are watching... Bears too, no doubt.
It seems to me initial reactions to Egyptian rioting were the wrong reaction.
Ticker for mid-east shoe manufacturers?
AONE - When does this company start making money off government subsidies for electric metro rockets?
ReplyDeleteInteresting news on 2 Co. I follow. HERO, HAWK.
ReplyDeletehttp://blog.ch11cases.com/2011/02/seahawk-drilling-inc-files-for.html#axzz1DjXuwJfA
As usual, maybe I'm stupid or dense but this claim has a very authoritative stance:
ReplyDeleteChina small caps - "The problem of Chinese stock fraud is over."
http://www.businessinsider.com/with-china-small-caps-its-shorts-vs-auditors-2011-2
HAWK- From what I tell tell, the buyers @ 4.00 on Friday hit the jackpot.
ReplyDeleteHERO/HAWK - Mark, I'm kinda behind the curve on this one, or in the dark, I should say, but my interpretation of this article seems to put a damper on the prospects of both these companies.
ReplyDeleteHard to believe the oil bus is unprofitable, except where our government gets involved anything at all is possible! First, expect wild profits at full expense and little regard for the environment. Next month, expect a complete moratorium followed by BK.
I used to know a Japanese guy who drove his car this way, one minute floored, the next instant coasting. My neck was sore all the next day after riding from Tokyo to Kushu (Taking a Shinkansen train would be my advice).
HAWK - BK? Doesn't that typically wipe out shareholder assets? I'm not getting how that's good for shareholders, but thanks for trying to make me think it through (I needed the exercise to keep my brain nimble).
ReplyDeleteCP- No question stepping in here is risky as hell. Seems to me that the deal should net out @ about 7 bucks to HAWK holders in HERO stock. HERO is leveraged to hell and could possibly go BK if a moratorium on SHALLOW water drilling is enacted, but I can't possibly see that happening. Seems to me HERO is getting jack up rigs pretty cheap here. I might ask MOG, but I kinda get the sense he's a little tired reviewing these micro caps for me. I'll see if I can find anything interesting.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteMark, I thought you said HAWK buyers hit the jackpot, you must mean HERO buyers. Yes, it appears HERO bought HAWK's rigs at scrap price.
ReplyDeleteSo, if anything, I would be looking long HERO, short HAWK, which because I'm dense, is probably exactly bass-ackwards. ;)
Hah, that reminded me of one trip to attend the Tokyo semiconductor equipment convention, all in the same day I took a jet across the pond, a bus from the airport, a train from the bus station, a taxi from the train station, and a boat from the taxi stop.
ReplyDeleteThe only rides I didn't take were a rickshaw and a bicycle. ;)
HAWK has a market cap of 100M @ 8/share with no LT debit and about 20M in short term debit. If the deal is worth about 100M total in cash and HERO stock, wouldn't that make the deal worth about 7/share to HAWK shareholders? They filled Chapter 11. I think that was just a place holder to make the deal easier for the BK to be resolved.
ReplyDeleteEither way, smarter people than me have had all weekend to figure this out. So the only real play is HERO LT. They now basically have all the shallow water play in the Gulf. Can they make a go of it. If so, the price is more like a call option than anything else.
CP- That's a funny story!
ReplyDeleteHERO - That's the side of the trade that makes sense to me, assuming oil exploration in the gulf doesn't continue crashing and burning.
ReplyDeleteWhat about major gas exploration in emerging economies where government is working hard to enable development as opposed to taxation without representation or effective regulatory controls?
Even our securities exchange commission admits openly it's dysfunctional.
"That's a funny story!"
ReplyDeleteWe had a blast in Japan, even camped in a mountain-side bamboo forest campground in Sagami and got our photo in an campground outdoorsmen type article.
I presume we were advert material.
LPH - Chinese wholesale gasoline and diesel sales and distribution.
ReplyDeleteAnother one to watch and wonder about assuming you've got infinite observatory capacity.
I'm pretty sure MOG told be that shallow water rigs were producing about 70% gas and 30% liquids. Man, the more I look into it the murkier it gets. I did email MOG. He's in route to TLM and has no initial take but will look into it.
ReplyDeleteOverall, these leveraged gulf plays are risky as hell with the price of Natty @ 4. That's why Co's. like BEXP are doing so well.
CAST - $6.75 - Almost back to lower trend line.
ReplyDeleteI bet MOG could steer a good course on these plays, only an industry veteran could possibly navigate those waters...
ReplyDeleteI bet oil sands have beat most everything.
ReplyDeleteSU is about the best oil sands play I know. 'Safe' play that is.
ReplyDeleteGE - What a rocket ride that's been...
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