Oil going higher

[chinaman711]

$69 oil hmmmmmmmmmmm

[chinaman711]

Think i will try a little oil here buying UCPI .92

[chinaman711]

Inventory numbers just out imo gasoline going higher as there was a draw down in gasoline and heating oil and a build on crude oil. Oil stocks still the place to be imo as oil looks to see 70 soon.

[chinaman711]

I added to PAPO and JKRI next runners i hope.

[Prodigy]

I added to PAPO and JKRI next runners i hope.

Cman, PAPO and JKRI are poised to run, good call here bud! Anyone else in these 2 gems?

Prod

[chinaman711]

Thanks keep your eye on UPDA and AUCAF too

[madcowdisease]

Hey china, since you follow oil fairly closely as do I I'll ask you about a question I've had for a few months. You know how oil inventory is divided in to categories: crude, gasoline and distilates? Do you think the market is keen to the difference between heavy sour and light sweet crude?

For example, if there is a draw down in distilates, which includes diesel, wouldn't it stand to reason that the heavy sour from oil sands could trade independently of the light sweet crude (which had an inventory build)? I ask specifically in regards to oil sands. You know as well as I that the tar sands aren't good for much other than diesel fuel and other distilates due to their heavy nature. So, when we see draws on distiliates shouldn't stocks with exposure to the oil sands like SU trade higher?

[Prodigy]

PAPO - It looks like PAPO is set to make an afternoon run IMO, possible strong move into the close and gap up tomorrow!

JKRI - Somethin' is brewin' here, stock is very solid and volume is slowly pickin' up. I noticed there are some rumors floating around on this stock as well, should be interesting!

Prod

[chinaman711]

Madcow imo your right on the money with SU but don't forget there is also alot of nat gas in canada too. 60-70 dollar oil will make all the oil sands great long term plays imo. The big % gains will come in the small companys just like su was a great 10 year play from 3 now 82. Imo you can get a 3 bagger on stocks like doig and dwog and who knows how high cwpc will go. Good luck

[chinaman711]

CVX news buys stake in india. Im looking for a run when cvx news hits on the oil find off the coast of africa. They have found oil just dont know how much but many think it could be billions of barrels there. UCPI just hit .95 looking good. When the news does hit it could help ERHE which is right next to the cvx find. ERHE at .90 an easy double imo and alot more long term. Good luck

[chinaman711]

Looking for more tomorrow on PAPO and ERHE

[wallnut]

Have you been watching GTRE ?

[chinaman711]

Yes i have been watching gtre and a newsletter i recieve has it as a buy. They also just put out a buy on a $2 ethanol stock to their paid members. I get the free newsletter so im trying to find out which stock they are pushing any ideas?

[wallnut]

I get a ton of newsletters a day and delete most of them after a quick glance. If you give the particular newsletter you are talking about I might have the info you seek.

[chinaman711]

energyandcapital.com is the newsletter and the stock is O T D. Who said you can't make money in penny stocks otd .75 to 3 and the next penny to run imo is GSHF watch this one looks good long term too. Good luck

[chinaman711]

UCPI .99 hope to see a run back to 1.30 UPDA needs to get back to .19 and keep an eye on ERHE PAPO GSHF INSQ. Good luck

[chinaman711]

ERHE ndh just took out .95 and looks like it could see .96 soon. PAPO needs to get going again as oil looks to see 70 soon.

[chinaman711]

SRGG gap uo on the open could be good for DWOG as they own 29% of srgg. GSHF looking for alot more on this ethanol holding company.

[madcowdisease]

Has anyone else noticed what I did today?

When oil was climbing from upper $50s to mid $60s every oil stock I watch, which is around 60+ went up along with the commodity. Oil between $66-69 some oil stocks were going up. Now that oil is over $70 they're all up again, and they're up big. It looks like the market found its direction and is betting oil is going a lot higher. I've never been one to go with the market sentiment but it is sure hard to sell my oil holding when it has had the biggest % jump since I've held it today and it is at it a 52-week high. I'd like to sell but it looks like I'm in the momentum crowd now.

[oldboldpilot]

This means you don't believe the Great Guru, Boob Yahooo that oil is going to tank and he is going to kick ass ?? Damn, and here I thought Boob Yahooo knew EVERYTHING about the market.....when to buy, when to sell, everything but when to shut the hell up !!!!!!

[BOOOYAHOOO!]

This means you don't believe the Great Guru, Boob Yahooo that oil is going to tank and he is going to kick ass ?? Damn, and here I thought Boob Yahooo knew EVERYTHING about the market.....when to buy, when to sell, everything but when to shut the hell up !!!!!!

I take it that da chit ya slung that actually stuck was sum oil crap....and yer mad at me cause ya listened to me and sold cause you know for a fact I'm overwhelmingly right vs wrong so ya missed this last 5%?...is that why you be so pee-a-zissed? Or is ya jist mad cause you are still holding oil crap even though I said to sell....but you are still "in da hole" cause you started buying the day New Orleans flooded? Well, I'm doin my best ta getya even! :) :) I mean....LMAO!!!!

[chinaman711]

Its going to be a long hot summer if oil runs to 80. Here in indiana they can't get those new ethanol plants up fast enough and the farmers have a big smile on their face.

[madcowdisease]

Its going to be a long hot summer if oil runs to 80. Here in indiana they can't get those new ethanol plants up fast enough and the farmers have a big smile on their face.

I agree with you on oil going to $80, but I disagree about the ethanol and the farmers grinning over it. Read BMan's post Backdoor Ethanol Play where I bring up what I have learned from a handful of farmers not that far from you chinaman. They are saying that with the input costs being so high for corn they'd rather grow, and are planting, soybeans instead. I personally think biodiesel is a better bet than ethanol at this point if we're to go solely from what the farmers are willing to produce.

[NATHAN LLOYD]

I think Nuclear is the way to go. Plug in your car and run on fuel cells or lithium batteries. This way there are no polutants, and we'll quit fighting over scarcer commodities like oil.

I don't think biodiesel and alcohol are anything but fads. The answer to our oil problems are so easy to see. URANIUM!!!

[wallnut]

I couldn't agree more, URANIUM is a great "resource" it has the same power day after day for thousands of years. But how long will the steel and the rest of the components last??
I don't see Norms auto or any of the others in the near future converting to nuclear waste disposal (at least I don't hope so):-) battery cells go bad and thats a fact. And oill is not only depleting but destroying our atmosphere and the air we breathe!! so what are the real alternatives??? Right now we have Hy-breds gas and batt mix, or ethanol, bio diesel, etc.
Today I actually seen a broadcast on my local news that showed a company that sold a pill, a fn pill that they claimed would increase your gas mileage!!!!! I don't know if there are any auto mechanics that read our posts but, this tells me that something has to be done..................
This subject has been talked about for many, many, many years. I don't wanna be the freak standing on the corner of your block in holy gown screaming that the world (America) has to change, but it IS inevitable whether it is oil sand for a while or ethanol and or uranium..

[wallnut]

I am not a tree hugger!!!! I am just stating my opinion. I consider myself an average American who by general conscience in my neck o da woods not only wants a change but demands it!!!!

[NATHAN LLOYD]

Have you looked at this site Wallnut? They claim their batteries will go 100k mi. or 1000+ charges of 100 mi. Also you can replace the batteries or buy extra packs to go more miles.

http://www.hybridtechnologies.com/products.php?sec=3


Disclaimer: I don't own this stock. I just like the product.

[MoMoney4Me]

Hey, I admit I don't know jack, but just in the reviews and news I read, I am of the opinion that crude will stay well north of $60 for the forseeable future. With the drawdown on inventories we will see a spike in gasoline prices just as the summer demand increases.

I recently took a position in VLO about 3 weeks ago, with the prospect of holding for the rest of the year. Currently up a bit over 6%.

As gasoline and fuel prices rise I think we'll see a slowdown in the economy later in the year, as a result of the reduction in consumer spending and a decrease in corporate profits (primarily retail sectors) as a result.

The commodity plays appear to me to be going higher, even with gold above $600, I think it and metals will continue to rise, and inflationary pressures will increase later in the year.

My picks for the remainder of the year will be in Gold and Metals Funds; oil drillers and petroleum producers;select technology stocks in semiconductors and telecomm; and possibly a few REIT's as they have been beaten down and lagged and some appear positioned to rise.

Broad diversification across unrelated sectors and about a 15% position in cash is my take on the current situation on through years end.

Appreciate any comments, opinions or suggestions. What's your take ?

:confused:

[NATHAN LLOYD]

http://www.hybridtechnologies.com/media.php?mediaID=060212

It seems like Oil and gold are the only places where buyers have been lately. I guess it will stay this way until July, but this is my first year in the markets. I really don't know.

[chinaman711]

Kiyosaki
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AddTuesday, April 18, 2006
How many of you are old enough to have been working in 1973? If so, you would've had the kind of economic experience I did at that time. But if you were in school or missed the period of the oil crisis, get ready because those times could return with a vengeance.


I left the Marine Corps in 1974 and got my first (and only) real job with the Xerox Corporation. The U.S. economy was in terrible shape at that time. From 1973 to 1974, the U.S. was in the midst of an energy crisis, and inflation was in the double digits. Stagflation, a new word, had been introduced -- there was high inflation, but the economy wasn't growing.


Because of the energy crisis, I had not one but two cars. One was a Corvette, and one was a Karmann Ghia convertible, made by Volkswagen. I filled up my Corvette with gas on even-numbered calendar days and the other car on odd-numbered days. Also, the speed limit was cut from 65 to 55 mph to reduce gasoline consumption, which meant I was often pulled over for speeding.


Worst of all, as a brand new Xerox salesman just learning to sell, I found myself struggling to save Xerox copiers, rather than sell Xerox copiers. That's because back then, Xerox only rented copiers. As the economy worsened, one of the first items businesses got rid of was their Xerox copier. Each cancellation meant I had to sell two copiers -- one to cover the loss of the cancelled machine and another copier to earn enough money to put gas in my cars and food on the table. In some months, I was losing more machines than I was selling -- and was nearly fired several times.


Oil Prices Will Keep Heading Up


My reason for taking you on this trip down memory lane is because I believe we're approaching a repeat of that 1973-1974 crisis. Once again, oil prices are going through the roof. During the mid-70s, oil went from under $3 a barrel to over $35 a barrel. And in 1974, we were stuck in an unpopular war in Vietnam, a war we would not win.


In 1998, oil was just $10 a barrel, and today it is over $60. We're also stuck in a war we may not be able to win.


The difference this time is that things are actually worse than they were in 1974, at least in my opinion. One difference is that the oil crises back in 1973 to 1974 and again in 1978 were political problems. Today, the oil crisis is a problem of diminishing supply and increasing demand. In other words, this time, there really is an oil crisis.


Many people today believe that oil will once again return to the $35-a-barrel level and aren't concerned. Or they believe that with better technology, energy companies will find more oil, and happy days will be here again.


I believe differently. Not that I'm an oil expert, but in 1966 through 1968 I was hired as an apprentice by Standard Oil of California, where I learned a lot about oil and the oil industry. Although I did see oil prices slide back down in the 1970s, this time, I believe they will go higher, not lower. I wouldn't be surprised if we soon see oil at over $100 a barrel and gasoline at $5 to $12 a gallon at the pump.

Wealth and Energy


Pricey oil makes clear that wealth really is energy in various forms. And that means more than just money. If I'm correct, and oil does go over $100 a barrel, you'll see some individuals' -- and some companies' -- wealth equation look like this:


For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise. The same is true for the airlines, food, and car companies, plus destinations such as Hawaii, which depend on cheap energy to grow.

For other people (and some companies), their wealth equation will look like this.


For people who invest in oil companies or own oil production, their finances will reflect this equation. This is why Exxon-Mobil (XOM) has recently replaced Wal-Mart (WMT) as the most profitable company in America.


An Alarming Gap


While many environmentalists, concerned with global warming, are thrilled that oil supply is on a decline (and we truly do need to replace oil with more renewable forms of energy, such as wind and solar power), there's another concern that must be considered. If energy costs continue to rise and our economy stops growing and starts shrinking, many stocks will crash, older Americans will not be able to retire, inflation may skyrocket, businesses will close or cut back, and jobs will be lost. Not only will we be facing global warming, we'll be facing civilized chaos.


The problem today is that oil companies are too short-sighted, the environmentalists too far-sighted, and politicians only concerned with being elected. As a result, there will be a gap between the end of oil and a conversion to less destructive forms of energy. In this gap, all hell may break loose.


In my next article, I'll go into what I'm doing to prepare for the gap, as well as why I believe the gap can't be avoided. In other words, it will not be 1973-1974, or stagflation, all over again. I believe it will be the end of civilization as we know it -- and possibly the birth of a brave new world.


As my greatest teacher, Dr. Buckminister Fuller, said to my class in 1982, "Humanity will soon have to choose between utopia or oblivion.... Do we work only for ourselves or for our planet?"

Pagination

[chinaman711]

Last week and this week the action was in ethanol and small oil plays. Long term i like uranium silver copper and gold but for now its ethanol and oil. Watch CVT when the news comes out on how much oil they discovered in nigeria it could have a real nice run and ERHE should follow it higher. MEMS VRDM GSHF what can i say but WOW.

[chinaman711]

View Email this Page Add to your personalized My Yahoo! page
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» What's This?
AddTuesday, April 18, 2006
How many of you are old enough to have been working in 1973? If so, you would've had the kind of economic experience I did at that time. But if you were in school or missed the period of the oil crisis, get ready because those times could return with a vengeance.


I left the Marine Corps in 1974 and got my first (and only) real job with the Xerox Corporation. The U.S. economy was in terrible shape at that time. From 1973 to 1974, the U.S. was in the midst of an energy crisis, and inflation was in the double digits. Stagflation, a new word, had been introduced -- there was high inflation, but the economy wasn't growing.


Because of the energy crisis, I had not one but two cars. One was a Corvette, and one was a Karmann Ghia convertible, made by Volkswagen. I filled up my Corvette with gas on even-numbered calendar days and the other car on odd-numbered days. Also, the speed limit was cut from 65 to 55 mph to reduce gasoline consumption, which meant I was often pulled over for speeding.


Worst of all, as a brand new Xerox salesman just learning to sell, I found myself struggling to save Xerox copiers, rather than sell Xerox copiers. That's because back then, Xerox only rented copiers. As the economy worsened, one of the first items businesses got rid of was their Xerox copier. Each cancellation meant I had to sell two copiers -- one to cover the loss of the cancelled machine and another copier to earn enough money to put gas in my cars and food on the table. In some months, I was losing more machines than I was selling -- and was nearly fired several times.


Oil Prices Will Keep Heading Up


My reason for taking you on this trip down memory lane is because I believe we're approaching a repeat of that 1973-1974 crisis. Once again, oil prices are going through the roof. During the mid-70s, oil went from under $3 a barrel to over $35 a barrel. And in 1974, we were stuck in an unpopular war in Vietnam, a war we would not win.


In 1998, oil was just $10 a barrel, and today it is over $60. We're also stuck in a war we may not be able to win.


The difference this time is that things are actually worse than they were in 1974, at least in my opinion. One difference is that the oil crises back in 1973 to 1974 and again in 1978 were political problems. Today, the oil crisis is a problem of diminishing supply and increasing demand. In other words, this time, there really is an oil crisis.


Many people today believe that oil will once again return to the $35-a-barrel level and aren't concerned. Or they believe that with better technology, energy companies will find more oil, and happy days will be here again.


I believe differently. Not that I'm an oil expert, but in 1966 through 1968 I was hired as an apprentice by Standard Oil of California, where I learned a lot about oil and the oil industry. Although I did see oil prices slide back down in the 1970s, this time, I believe they will go higher, not lower. I wouldn't be surprised if we soon see oil at over $100 a barrel and gasoline at $5 to $12 a gallon at the pump.

Wealth and Energy


Pricey oil makes clear that wealth really is energy in various forms. And that means more than just money. If I'm correct, and oil does go over $100 a barrel, you'll see some individuals' -- and some companies' -- wealth equation look like this:


For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise. The same is true for the airlines, food, and car companies, plus destinations such as Hawaii, which depend on cheap energy to grow.

For other people (and some companies), their wealth equation will look like this.


For people who invest in oil companies or own oil production, their finances will reflect this equation. This is why Exxon-Mobil (XOM) has recently replaced Wal-Mart (WMT) as the most profitable company in America.


An Alarming Gap


While many environmentalists, concerned with global warming, are thrilled that oil supply is on a decline (and we truly do need to replace oil with more renewable forms of energy, such as wind and solar power), there's another concern that must be considered. If energy costs continue to rise and our economy stops growing and starts shrinking, many stocks will crash, older Americans will not be able to retire, inflation may skyrocket, businesses will close or cut back, and jobs will be lost. Not only will we be facing global warming, we'll be facing civilized chaos.


The problem today is that oil companies are too short-sighted, the environmentalists too far-sighted, and politicians only concerned with being elected. As a result, there will be a gap between the end of oil and a conversion to less destructive forms of energy. In this gap, all hell may break loose.


In my next article, I'll go into what I'm doing to prepare for the gap, as well as why I believe the gap can't be avoided. In other words, it will not be 1973-1974, or stagflation, all over again. I believe it will be the end of civilization as we know it -- and possibly the birth of a brave new world.


As my greatest teacher, Dr. Buckminister Fuller, said to my class in 1982, "Humanity will soon have to choose between utopia or oblivion.... Do we work only for ourselves or for our planet?"

[madcowdisease]

The oil inventory report expected out later today will most likely show a build in crude. I would use this opportunity to load the boat on oil stocks. It doesn't matter which one, just pick one if you don't have it in your portfolio already. My personal favorite is SU since it has zero exposure to political hotbeds.

I say this because oil isn't going lower, just like the title of this thread, it's going higher. Iran has evidently been given until tht end of the month to stop enriching uranium or face economic sanctions by the UN Security Council. This doesn't mean jack to Iran and they will move forward with enrichment. But, what it will do is take offline the 4th largest producer of light sweet crude to the Western World and consequently driving up the cost of oil and gasoline.

Actually, the inventory report just came out as I am typing. A draw down they are saying. Looks like that pullback won't happen afterall.

[chinaman711]

SYNI just hit .49 on news ethanol stocks looking good too vrdm gshf insq

[oldboldpilot]

THAT was an impressive treatise. FINALLY, someone who knows what they're talking about and has the credentials to speak out.
The one thing that many people overlook is that EVERYTHING uses petroleum. Its derivatives are used in the manufacture of medicines, fertilizers, foodstuffs, plastics, building materials, paints and cloth...... there is no end to it. Even if tomorrow, we could cut in HALF the gasoline consumption of autombiles and trucks, there would still be a shortfall for as the so-called third world nations become more industrialized they will become greater consumers of this commodity.
Of course, prices will rise and prices will fall but you are witnessing the incremental increase that basically is here to stay. Goodbye $1.00 oil, hello exponential inflation.

[BOOOYAHOOO!]

Nice! The inventory report got every last sucker in and topped out the XOI oil stock index and the HUI goldpigs index. Watch em tumble and pay particular attention to Chinaman's idiot stocks. LOL I wouldn't get too excited about any tech rally caused by the coming commodity tumble except to say, "Thank you Jim Cramer!" Oh yeah...one mo thang...da Fed won't have to do a thing about rates cause da mawkets gonna take care of it. *-)

[chinaman711]

Boo sorry u missed all the great plays CVX LOOKING FOR 65 SOON

[BOOOYAHOOO!]

Boo sorry u missed all the great plays CVX LOOKING FOR 65 SOON

I think you're gonna miss playing DWOG at the weekly challenge every week for 10%+ losses! LOL

[chinaman711]

tHATS OK PAPO vrdm insq gshf sttk syni cvx ngas did well

[chinaman711]

and thanks for your support and kind words boo bo

[BOOOYAHOOO!]

and thanks for your support and kind words boo bo

Support? The goal is to crush clowns like you and Cramer. If Cramer was taken off the air do you know how much it would do to restore orderly markets and eliminate idiots who think they can get rich trading already grossly overpriced crap? Alot! You already got a partial lesson with your fiber optic plays. I'm sure your net on those trades is negative overall. In the end you will be a big loser on yer long term calls here on energy and commodities too. Of course you'll try and convince everyone that they are great "trading vehicles" LOL You're goin dooooooooown! *-)

[chinaman711]

CVX ndh NGAS ndh as oil and gas go higher : ) get some boo don't miss another big run

[BOOOYAHOOO!]

CVX ndh NGAS ndh as oil and gas go higher : ) get some boo don't miss another big run

Added PEIX chort again at 32.60 after yet another 10%+ chort gain. Added BDCO chort agin at 8.23 after a 9% one day gain. Added GRZ chort yesterday. Basically I'm going exactly opposite of what you say is da way. How can I lose?!! LOL

[englishman26]

GERI is the penny oil of the moment, I think. Bought at 0.099 this morning. Up to 0.11 now. My target is 0.30-0.40.

[chinaman711]

Keep an eye on VTYC it may catch GERI as they both look real good.

[BOOOYAHOOO!]

Keep an eye on VTYC it may catch GERI as they both look real good.


LOL Good luck gettin yer limit orders filled on the 25 or 30 OTC pigs you always seem to have positions in when they start tumblin. LOL I hope fokes who are lissnen to ya doan fall for yer BS. :o

[financenanc]

CALL ME A CRAMER LEMMING----I don't F@#**$$ING CARE!

I just made 33% on Grant Prideco today after their stellar earnings report (makes oil drilling/machinery parts) and 92% on JDSU (last month) the old fashioned LONG way.

Bought the companies low and then sold them high.

It doesn't matter to me why these stocks rose---I made MONEY.

OIL AND FIBER OPTICS WORKED FOR ME THIS TIME AND IT WAS NOT DIFFICULT TO DO.

YES, IT TOOK A LOT OF PATIENCE (I waited 5 months after researching GRP for the stock to pull back, and finally bought it March 20th 2006) and kind of scary as it took from October until March for my JDSU play to pan out, but the method worked.....this time.

Sell oil-related now while it's still hot. This is crucial: DON'T BE TOO GREEDY

[englishman26]

LOL Good luck gettin yer limit orders filled on the 25 or 30 OTC pigs you always seem to have positions in when they start tumblin. LOL I hope fokes who are lissnen to ya doan fall for yer BS. :o

That's right Boo. We simply hold 30 stocks forever, waiting for them to go down! Idiot!

[chinaman711]

Another nice call on your part Boo Bo as oil is up another .95 and how about that XOI top lol. I'll let you know when we are getting close to a top. Good luck buddy

[Luc1Grunt]

Again I have to chuckle at the IDIOT Booo. Bad news, bad news, but I keep making money. We don't buy and hold you moron!!! I've pulled over 5k out of CVX alone on swings. I could really give a chitz if is overpriced. When it is set-up, I will short it all the way down. Hey, sometimes a pick is wrong, it's part of the game....I can live with it, that's why I "play".

Remember your rants of a "NAZ crash imminent at 2300, 2280, 2240, 2200, 2150"?

Callin China an IDIOT is pretty funny coming from an IDIOT who proposes nothing but fear and misery. I used to chuckle at your "contrarian" rants...now I just chalk them up to bitter, old, disgruntled "BoooASTARD".

Have a nice day, I'll close another profitable day "Trading". And life is still good. ;)

[Damon]

Boooyahhooo seems to be wrong an awful lot. Mebbe it's all a ruse. Mebbe he just enjoys confrontation. Mebbe he's not following his own advice at all. For his sake, I hope he's not.

[BOOOYAHOOO!]

That's right Boo. We simply hold 30 stocks forever, waiting for them to go down! Idiot!

I wasn't tawkin ta you. I already know that when you say buy sumthin we doan hasta wait forever for it to go down....just minutes usually. :) Chinkdawg thinks energy is a great longterm play...he'll be waitin forever...to get his $$$ back. CWPC had zero shot at hitting $10 the second you said it would be at $10 befo April was dunn. LOL

[BOOOYAHOOO!]

Boooyahhooo seems to be wrong an awful lot. Mebbe it's all a ruse. Mebbe he just enjoys confrontation. Mebbe he's not following his own advice at all. For his sake, I hope he's not.

PEIX...10% one day chort fo da toid time in tree tries...easily too! Now you tell me...WHO DA MAN?! LOL Watch what I do to SLW next! *-)

[englishman26]

I wasn't tawkin ta you. I already know that when you say buy sumthin we doan hasta wait forever for it to go down....just minutes usually. :)

You're too funny!

[englishman26]

Watch what I do to SLW next! *-)

What do you plan to do to it? Paper trade it for a pretend loss maybe??

[BOOOYAHOOO!]

What do you plan to do to it? Paper trade it for a pretend loss maybe??


No...a paper trade gain. You have me confused with you I think. You trade for real $$$ losses like yer GTE, SNG, and endless list of udder ill-advised top of da chawt buys. I trade for paper trading gains and real $$$ gains like I'm gonna do wit KLGE or whatever my next totally awesome pick is...GNLB maybe? I'll take my paper trading gains ova yer real $$$ losses any day! LOL

[englishman26]

I never mentioned SNG and I've only ever made money on GTE.

[Luc1Grunt]

Boo's just confirming the result of parents who are cousins

[BOOOYAHOOO!]

I never mentioned SNG and I've only ever made money on GTE.

Of course you did...when GTE was trading at 3.70 it was going to 5.00 and ya wanted ta tussle witme. Same wit SNG, when it was at $3 it was going to $4. When you can spot baaahgins witout a clue as easily as you do why do you even think I have any concerns about cha? You keep spottin them great plays like VPHM at 13.50 and I'll see what I can do to rescue anyone that actually lissens to yer sorry a$$!! If it wasn't fo fokes who pick em like you, Cramer, and da Foo King Chinaman i'd have nobody ta rescue. :)

[BOOOYAHOOO!]

I never mentioned SNG and I've only ever made money on GTE.

PEIX breaking below $30 now....should I cover?!!! Naaaaaaaah! Say bye bye to SLW, I'll give ya one last chance on dat pig fo I kick YERASS!! Oooops, never mind...that's a breakout! You should change yer screen name to Clueless Trader so dat fokes will jist expect nonsense outta ya. Breakout....jeeeeeesh! :)

[financenanc]

Hey now, maybe we should all be nice to Boo....He must put a lot of effort into writing with that VANILLA ICE dialect : )

Just playing w/you---actually, I think there's an interesting perspective in between those lines...and anyone who thinks they're above it all might be missing out on one piece of the BIG $$$$ puzzle!

[financenanc]

I believe that!!

[Damon]

Which team be losin'?

[Luc1Grunt]

Yeah, the worlds going to end, dogs and cats will be livin together, gold up, down, or sideways, "me chawts sez da crash is cumin". Yeah, I'm not on a team.....but I make money and share a pick or two...and I can save my doom and gloom for myself.

And Booo, ya ain't saving anyone money are ya? Or are you a deep down bleeding heart who wants to help "the littlefella".

[chinaman711]

Yep only you know how to trade everyone else here is lost. Keep up the good work Boo Bo

[Luc1Grunt]

By the way, oil is going higher, then lower, then sideways, then higher. I'll be damned...looks like a cycle and if you add a little higher demand on world markets, you get some good economic ed-u-mu-ka-shun. It's still a beautiful day!! :lol:

[oldboldpilot]

Only one loser here that I can see. Anyone who calls him on his fantasy world of trading is an "idiot". This moron thrives on attention ....regardless of whether it's negative of not. His pseudo cajun/creole dialect must make the poor folks in Louisiana cringe. Personally, I have had a belly full of this fool and maybe with a large enough group we can lobby to have him banned....and wouldn't THAT be a relief ?

[englishman26]

This thread has turned to sh!t

Yes let's get back to talking about oil. How much higher or should there be a pullback before the summer spike?

When we started this thread it was at $69 but it was at $57 very recently. Now $72.

GERI was fun today. Do people think it continues the run or it's a one day wonder? The chart suggests a one day wonder but news coming out could get it much higher.

CWPC taking a breather but I love it longterm.

[Damon]

Good idea.

[BOOOYAHOOO!]

LOL On an up day for all of you energy idiots you are lettin me get to ya?!!! LMAO Like I already said, yer team be losin. Purty soon you'll be silent wityer long term energy crap. and I doan mean crap....I mean shhhhhheeeeeeeeeyut! LOL Chinaman is the only one who has the right to be pee-a-zissed cause he actually believes his own crap and bets on it! Look around da mawket and see how some of his crap did today...cep't fo da 25 new OTC POS he bought today that were up 25% in one day of course. LOL

[oldboldpilot]

The message being promulgated today is that demand is down and the refineries will soon be back producing at 100% capacity. I don't believe it. In order for the refineries to phase out MTBE there has to be a lot of investment and modification of the current equipment. That, along with the shaky state of world affairs contributes to a prioce that will not decrease appreciably any time soon..........in my humble opinion of course.

[Will]

there was actually a vote to ban him one time. That's how he got the title ,valued contrarian. Eventhough he types like he's drunk, having a devil's advocate, so to speak, never hurts. Not to say I haven't gotten into heated debates with him before, but if everyone on this board just kissed each other's A$$'s, you have to admit, it wouldn't be that fun.

[Luc1Grunt]

I still like the "stache" Will. Good to see ya.

[chinaman711]

Bought todays dips on CVX and CHK looks good so far. CVX calls .40

[chinaman711]

CHK coming back a little now at $33 cvx looking good as oil is coming back a little

[stockviper]

there was actually a vote to ban him one time. That's how he got the title ,valued contrarian. Eventhough he types like he's drunk, having a devil's advocate, so to speak, never hurts. Not to say I haven't gotten into heated debates with him before, but if everyone on this board just kissed each other's A$$'s, you have to admit, it wouldn't be that fun.

Making me laugh but I agree with you. I hate to admit it but once you get past his babbling like a drunk Jamaican he has some decent advice. Could it be the rum that makes him babble or is it the rum that causes the good advice? Go Booby! I like what you be sayin Mon! Even do I cant figur it ut.

[chinaman711]

CVX one heck of a comeback today as my calls from this morning are up 50% so far. If cvx goes green i could get a double out of these jun 65 calls and i will be buying more gshf with the profits. CHK not too bad either

[englishman26]

CHK is a good call! Finally starting to move after its 6 month malaise. Nat. gas not great today but it has seen it's low for the year.

I remember a 6 month old bet with Booo that CHK would see $40 before it saw $4. We have been patient!

[BOOOYAHOOO!]

CHK is a good call! Finally starting to move after its 6 month malaise. Nat. gas not great today but it has seen it's low for the year.

I remember a 6 month old bet with Booo that CHK would see $40 before it saw $4. We have been patient!

Yes! A good call indeedy! And one Jim Cramer would most coitainly be proud of! *-) BTW, I'll still take da bet since you think we have seen the low fo natgas! You da man! One mo thang...go SLW! Goooooooo! LMAO!

[chinaman711]

One heck of a come by some of the big oil stocks NE up 3 from todays low SLB just went green and they report tomorrow CVX up a buck from todays low. Wait till the earnings start coming out CVX reports end of month and with 70 dollar oil next qtr should be huge imo. Ethanol ipo's coming out soon 2 of them should move this group higher too imo.

[chinaman711]

beats analyst view

E-mail | Print | | Disable live quotes By Jasmina Kelemen, MarketWatch
Last Update: 11:17 AM ET Apr 20, 2006


HOUSTON (MarketWatch) -- Noble Corp. surpassed earnings and revenue expectations Thursday after the offshore driller said its quarterly net income nearly tripled, powered by higher rig rates and international utilizations across its fleet.
Noble Corp. (NE : noble corporation shs
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Last: 85.11-0.14-0.16%

1:35pm 04/20/2006

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NE85.11, -0.14, -0.2%) reported first-quarter net income of $145.2 million, or $1.05 per diluted share, about triple the year-ago level of $45.4 million, or 33 cents a share. Operating revenue increased to $461.9 million from $310.3 million.
A survey of analysts by Thomson First Call forecast earnings of $1 a share and revenue of $445 million.
The Houston-based offshore driller said the first quarter benefited from higher daily rig rates and utilization rates, especially in the Gulf of Mexico. Internationally, the average day rate per jack up rig was $68,887 in the first quarter, versus $51,158 a year-ago, while utilization rates improved to 100% compared to 94% last year.
The market for deepwater rigs continues to improve in the Gulf of Mexico, with rates for rigs able to drill under 6,000 feet of water or more rising 131% to $241,562 in the recently ended quarter, said the company.
The company further announced that its final unit, the Joe Alford submersible, has returned to service this month after being damaged during Hurricane Rita. The company is also proceeding with its initiative to strengthen moorings for its ultra deepwater semisubmersibles. "This new mooring system is designed to withstand environmental forces experienced in the hurricanes of 2005," said chief executive officer James C. Day.
Noble stock was last down 2.8% to $

[Pinguin]

Someone mentioned JKRI a while back (and I don't want to use the search) any thoughts if this is a good candidate for a bounce since it has dropped over teh past couple days?

[BOOOYAHOOO!]

Yesterday Cramer said HAL goes to $100 and gold goes to $800. I want you all to remember who set the top in both sectors so that there will be no doubt when I add it to the ones he already created long term tops in. Energy (twice-double top), internuts (twice), retailers, homebuilders, flash memory, most of the semis but he is trying to get the rest now, fiber optics, lenders, biotech.....Jim! You are running out of sectors! LOL I purrdict the next 2 sectors Jim will set tops in will be aerospace and the brokerage stocks. I was absolutely right that he would set the top in commodities when I purrdickted dat about 3 weeks ago. Let's see. :)

[jacobnbr1]

Yesterday Cramer said HAL goes to $100 and gold goes to $800. I want you all to remember who set the top in both sectors so that there will be no doubt when I add it to the ones he already created long term tops in. Energy (twice-double top), internuts (twice), retailers, homebuilders, flash memory, most of the semis but he is trying to get the rest now, fiber optics, lenders, biotech.....Jim! You are running out of sectors! LOL I purrdict the next 2 sectors Jim will set tops in will be aerospace and the brokerage stocks. I was absolutely right that he would set the top in commodities when I purrdickted dat about 3 weeks ago. Let's see. :)

what is the ticker fo aerospace sector?? do you know booo? i do not have this on me list!

[BOOOYAHOOO!]

what is the ticker fo aerospace sector?? do you know booo? i do not have this on me list!

I dunno, but here is a sub $5 stock that Cramer said is going to $40, BEAV. *-) Check out da mownin action in anudder one of Cramer's great commodity plays, IIIN. Nice! :)

[jacobnbr1]

i was just looking at this beav on a chart inside the airdef sectors.. look at that iotn also! both ar almost 90 degree angle up on the three year. iotn getting alot of publicity right now also. Couple of warnings there doancha think?

[chinaman711]

Boo in case no one told you oil going to 80 and the oil companys are reporting this month go CVX go that cramer knows if stuff right boo

[chinaman711]

CHK picking up too just another gread day in the oils UCPI go upda looks to go too

[chinaman711]

Looks like oil just turned and went green could see 80 dollar oil real soon imo

[Bman409]

Looks like oil just turned and went green could see 80 dollar oil real soon imo


I said $75 would be the minimum on this move up, back in March.

I'm sticking to that

[chinaman711]

Bman your not going against boo are you?

[Bman409]

Bman your not going against boo are you?


As risky as that sounds.. .YES

I suppose I am! ;)

[BOOOYAHOOO!]

Yo Damon! I thinka dat was you dat jinxed yerself when ya mentioned dat HAWK thangy dat be swooopin downward today, wasn't it? Now I want you to remember what I already said. Da final rally in da Naz is coming cause you oil frenzied fools is gonna get yer butts whooped. So hang in there and I'll see what I can do bout yer CHK long. Enjoy da carnage brutha! :)

[chinaman711]

Well he's been wrong all year so i guess you win. UCPI just hit 1.08 look for a run imo. CVX a go imo

[BOOOYAHOOO!]

As risky as that sounds.. .YES

I suppose I am! ;)

Actually, I wouldn't bet agin ya cause I heard it through da grapevine dat you be a welcher! :)

[Bman409]

Actually, I wouldn't bet agin ya cause I heard it through da grapevine dat you be a welcher! :)


Haha.. I knew that was you Joe!

[BOOOYAHOOO!]

Haha.. I knew that was you Joe!

I often get confused fo Joe, but I'm sure you remember da Reaper....da guy dat brought da goldbugs to their knees! :) This time I'm brangin the oil AND da goldbugs to their knees. Countdown to ecstasy begins now....at 12 PM EST da XOI collapses! Watch! *-)

[chinaman711]

Another great call on your part Boo you stick your foot in your mouth all the time cvx here comes 61 chk moving too boo you are missing all the little idiot plays too. Get with it boo bo you have been wrong all year go long

[stockviper]

Another great call on your part Boo you stick your foot in your mouth all the time cvx here comes 61 chk moving too boo you are missing all the little idiot plays too. Get with it boo bo you have been wrong all year go long

Hate to say this but that only means he may be closer to being right...eventually.

[BOOOYAHOOO!]

Hate to say this but that only means he may be closer to being right...eventually.

LOL The kewel thang is that when I am proven right everybody will not believe how right I was! PEIX now at 30.00...anybody think it takes out the 30.25 high? :)

[Luc1Grunt]

Up over 1K this week on oil ALONE. Not on paper, not "unrealized", but in the wallet (soon to be in my gas tank). :p

[BOOOYAHOOO!]

Another great call on your part Boo you stick your foot in your mouth all the time cvx here comes 61 chk moving too boo you are missing all the little idiot plays too. Get with it boo bo you have been wrong all year go long

Hang in there Bunkie cause you happen to be tops on me list fo da majer butt whoopin. You be long energy, silver, AND fiber optics! Purrdixshun: you will return under a different screen name! LOL

[Luc1Grunt]

China, what was your holding period again?

[chinaman711]

Im holding upda l/t and also trade it holding silver l/t too boo bo and its going alot higher cvx 61 yeha my guess it sees 65 before earnings come out. Boo with out a doubt you are no trader lmao at your oil has topped

[madcowdisease]

Up over 1K this week on oil ALONE. Not on paper, not "unrealized", but in the wallet (soon to be in my gas tank). :p

Ain't that the truth.

[chinaman711]

Oil good thru summer imo

[BOOOYAHOOO!]

Im holding upda l/t and also trade it holding silver l/t too boo bo and its going alot higher cvx 61 yeha my guess it sees 65 before earnings come out. Boo with out a doubt you are no trader lmao at your oil has topped

Thaaas right, you be a trader and fokes is gonna see exactly what happens to half-assed traders like yerself. And yes....you will hold long term. Have you thought of a new screen name yet?!! :)

[madcowdisease]

Oil good thru summer imo

Well I'm sure not selling before next Friday. We all know what happens then right?

[Bman409]

I often get confused fo Joe, but I'm sure you remember da Reaper....da guy dat brought da goldbugs to their knees! :) This time I'm brangin the oil AND da goldbugs to their knees. Countdown to ecstasy begins now....at 12 PM EST da XOI collapses! Watch! *-)


Ok..different guy, but yeah, I remember ya


and yeah, you were right about the last gold crash.. .


and you'll be right again.. and I'm WITH YOU on the ethanol stocks being way over bought..

but I learned back in the bubble years not to go short too soon.. these things can triple and quadruple AFTER I START THINKING THEY ARE OVERBOUGHT.

[chinaman711]

Yep next friday the day------ boo you better get in cvx before they report or announce the new huge oil find your missing this easy money. But you are right about 1 thing i will be changing my screen name hows theoilman sound to you buddy

[BOOOYAHOOO!]

Ok..different guy, but yeah, I remember ya


and yeah, you were right about the last gold crash.. .


and you'll be right again.. and I'm WITH YOU on the ethanol stocks being way over bought..

but I learned back in the bubble years not to go short too soon.. these things can triple and quadruple AFTER I START THINKING THEY ARE OVERBOUGHT.

Well since things have already quintupled I sho hope you doan mind da carnage I am about to levy upon them. :) BTW, added PEIX chort at 30.75....saweeeeet! *-)

[chinaman711]

ENY ndh just hit 2.35 looking good

[englishman26]

Russian oil companies are predicting $100 oil this year. (My wife reads the russian news online.)

[Luc1Grunt]

Maybe Booooooooooooo should tell the Russians HE is going to single handedly take them down. Hey Booooooooo, how about taking down Iran. You seem to say you are "taking down somebody" each day. And.....you seem to "kicking peoples asses" soon as well. You've got the power. Of what, I don't know.

[Luc1Grunt]

Here's one for ya.......I say the market will experience a HUGE correction in the future. Gold, Oil, the administration. It is all going to change.

And when it does, tell 'em ol' Luc1Grunt (aka Nostradamus) told ya so. I'm sure, along with Boo, I'll be right.

Sell everything, run for your lives......Boooooooo is gonna kick someone's ass!

8) 8) 8) 8)

It's a beautiful day, enjoy!!

[BOOOYAHOOO!]

Maybe Booooooooooooo should tell the Russians HE is going to single handedly take them down. Hey Booooooooo, how about taking down Iran. You seem to say you are "taking down somebody" each day. And.....you seem to "kicking peoples asses" soon as well. You've got the power. Of what, I don't know.

The whole IRAN thing is a nonevent, cept to idiots who think crude should be trading at $70+ per barrel of course. *-)

[BOOOYAHOOO!]

Here's one for ya.......I say the market will experience a HUGE correction in the future. Gold, Oil, the administration. It is all going to change.

And when it does, tell 'em ol' Luc1Grunt (aka Nostradamus) told ya so. I'm sure, along with Boo, I'll be right.

Sell everything, run for your lives......Boooooooo is gonna kick someone's ass!

8) 8) 8) 8)

It's a beautiful day, enjoy!!

Actually, you can purrdict what you want but da difference betwixt sumbody like you and me is the fact that I know EXACTLY what numbas need to be taken out to da downside on any stock or index I follow. You be clueless. *-) That be a fact dat can be proven without reasonable doubt based on summa yer picks and mine. You pick stocks trading at tippy tops cause you think they will go higher...then they gapdown almost immediately after you say buy! I rest me case yer honor.

[chinaman711]

Whats the matter your shorts not working again today : ) Bears are covering if i were you i would follow the pack as you are clueless and im beginning to think you may be stupid too.

[BOOOYAHOOO!]

Whats the matter your shorts not working again today : ) Bears are covering if i were you i would follow the pack as you are clueless and im beginning to think you may be stupid too.

Keep tawkin Chinachump! LOL

[chinaman711]

Oil record closing high stupid rotflmas

[Luc1Grunt]

Booooo, again you are about as wrong as 2 Afghani boys on a Thursday night love fest. When in the hell have I ever pushed a stock for momentum or at a top. I hit the bottom feeders for a quick 2-5% or swings DURING an uptrend. Again, you must have me confused. No surprise.

You know the numbers that indicate reversals? Well buddy....you are a genious. Those same indicators are available to most of us pushing STEADY and RELIABLE income from the MAWKETS. And we use them.

Jeesh, I have to disagree with China...you are a moron and, as you call everyone else......an IDIOT. :lol:

[Luc1Grunt]

Boooooooo, how many stock challenges have you won? A I recall, your MAGIC number forumula, of which only you hold the secret, has not fared so well. Me on the other hand.....I've played it.....but have been in and out within the week (with my PROJECTED gain). I recall China (the one you call IDIOT) has won 3x?

So enough of your inbred dribble.

Throw a couple out there where you have real money behind it.......OR........maybe there are no trades left in the world because "they all be oversold"??

Oh, by the way.....sometimes a pick is WRONG. It happens. But if that kind of fear keeps you out, you are not only the listed above adjectives, but a coward. :lol: :lol: :idea:

[BOOOYAHOOO!]

Booooo, again you are about as wrong as 2 Afghani boys on a Thursday night love fest. When in the hell have I ever pushed a stock for momentum or at a top. I hit the bottom feeders for a quick 2-5% or swings DURING an uptrend. Again, you must have me confused. No surprise.

You know the numbers that indicate reversals? Well buddy....you are a genious. Those same indicators are available to most of us pushing STEADY and RELIABLE income from the MAWKETS. And we use them.

Jeesh, I have to disagree with China...you are a moron and, as you call everyone else......an IDIOT. :lol:

Hey, doan get upset witme jist cause you didn't get a roll in da hay wit de Afghanni boys, OK? You are a daytrader for quick 2-5% gains huh? Riiiiiiiight. And watchit wit da name calling or Thierry is gonna bounce yer butt. Some of the little crybabies ova heeeeya will go boohooin to him and then I will have one less clown to deal wit. I'll miss yer ugly a$$. :)

[Luc1Grunt]

Ha!!!!!!!

[chinaman711]

Ok boo bo bear i see you can dish it out but you can't take it lmao at this retard record close on oil guess you were wrong again

[Luc1Grunt]

Wow, reading back.....looks like Black Friday? "and when da naz hit 2240, it's all gonna crash"

Ha. :oops:

[BOOOYAHOOO!]

All clown questions answered in 1 post.

I haven't won any weekly challenges because I am doing sumthin more realistic....starting with a set amount and putting it all on me pick each week to see where I end up....not making a 10% gain by luck 1 week and givin it all back plus some like Chinadawg is doin with DWOG.

Oil da commodity has little to do with what the stocks do. You can see many of the stocks now breaking down as oil closed at the highs. In fact, summa da stocks failed to make new 52 week highs even as the commodity and da indicies did. It's called a divergence and it is a clue that sum can identify....of course da clueless can't.

I gave a tawget numba fo da VIX that will more than likely be breached befo da big salamie...but maybe not since all trend or price lows need not go befo a rally of major proportions begins. I'm satisfied wit da Naz selling so far today being that there be nuthin on da chawt that says the Naz has to make a new 52 week high. :)

[chinaman711]

CVX ndh strong close could hit 65 sooner then i thought as oil goes higher boo bo you dumb a@@ you missed another chinaman idiot play lmao

[BOOOYAHOOO!]

CVX ndh strong close could hit 65 sooner then i thought as oil goes higher boo bo you dumb a@@ you missed another chinaman idiot play lmao

Still waitin fo $65 I see.....ooooh well. You had better grab a Snicker's bar. *-)

[chinaman711]

65 in the bag dumb a@@

[chinaman711]

and when cvx gets to 65 that will give me a 12 bagger on my june 65 calls. Now go back and make your 3-5% short trades retard

[BOOOYAHOOO!]

and when cvx gets to 65 that will give me a 12 bagger on my june 65 calls. Now go back and make your 3-5% short trades retard

Well, I am about 1 salamie from cashin in on me WMB chort but taint no biggie cause if da energy pigs keep risin it means one of me udder long term favs F should keepa fallin. And that's what it's gotsta be do fo me to get as giddy bout it as you and the rest o da energy clowns are about da oil pigs. Too bad you didn't take my advice from Th when I said to buy OTD when it was at 1.63...that looks like a gift dat might keep givin!...while you struggle to push the last $4 in CVX outta yerass of course. LOL Maybe I'll play OTD at the weekly challenge while you struggle wit DWOG one mo week! LMAO!!!!

[BOOOYAHOOO!]

i was just looking at this beav on a chart inside the airdef sectors.. look at that iotn also! both ar almost 90 degree angle up on the three year. iotn getting alot of publicity right now also. Couple of warnings there doancha think?

Yo! Did you see which sector Cramer isolated on right off da bat on last night's Completely Insane Money show?!! LOL Too freakin funny! :)

[financenanc]

BICKER--BICKER--BICKER...that's all some boys ever do.

Oil went higher and I made money this week. Now I can invest it elsewhere...or even back into energy, on a pullback.

*******Na na na na nah nah********

[chinaman711]

CVX starting to pick up here as the dow goes green. Hope to see 62 soon and it would be nice if the nasd would come back like the dow did. MEMS and OTD not a bad day so far

[BOOOYAHOOO!]

CVX starting to pick up here as the dow goes green. Hope to see 62 soon and it would be nice if the nasd would come back like the dow did. MEMS and OTD not a bad day so far

Yep! CVX a rockin! Take a deep breath.....hold it! Now squeeeeeeeze! LOL

[chinaman711]

yep your right im wrong

[madcowdisease]

Came across some news regarding AMEP. Anyone familiar with this penny play?

[chinaman711]

yep they are sitting on alot of nat gas and the stock has had a nice run look for more if ng goes higher

[chinaman711]

Oil up a little and gold and silver looking real good this morning. CVX hope to see 62 today as the down looks good and oil is up a little. Good luck

[chinaman711]

Boo bo that snicker bar was real good you need to start reading the charts look for 62.07 on cvx imo.

[chinaman711]

VLO great earnings report and this qtr will be even better.

[BOOOYAHOOO!]

Boo bo that snicker bar was real good you need to start reading the charts look for 62.07 on cvx imo.

Yes oh great petrol breath....big oil makin those who bought VRDM look VeRiDuMb! LOL XSNX even better! Inventory report out...got eeh-tha-naaaawl? LOL

[chinaman711]

vrdm .04 to .30 now i understand you. I sure hope no one follows you you b costin dem lots of munny

[BOOOYAHOOO!]

vrdm .04 to .30 now i understand you. I sure hope no one follows you you b costin dem lots of munny

Did I say buy at .30? I doan remember. :)

[chinaman711]

yep u dont remember anything dumb chit

[chinaman711]

and now u missed another double on fppl keep playing for 3% dumb chit

[chinaman711]

CVX heavy volume as it goes thru 61 would not be surprised to see it test 62. VLO bought the dip this morning just need it to go green : )

[chinaman711]

what ya think Boo


Press Release Source: Chevron Corporation


Chevron's Performance Fuels Record 2005 Financial Results; Robust Strategies Create Strong Foundation for Future Growth
Wednesday April 26, 10:53 am ET
2005 highlights include exploration successes, major project milestones and 'unexpected challenges'


HOUSTON, April 26 /PRNewswire-FirstCall/ -- Chevron Corporation (NYSE: CVX - News) had a momentous year in which the company achieved record financial results, effectively responded to natural disasters and continued to build a strong foundation for future growth, Chevron Chairman and CEO Dave O'Reilly said at the company's 2006 annual stockholders meeting in Houston, Texas.
ADVERTISEMENT


"Our success demonstrates that we are moving in the right direction, with strong momentum," O'Reilly said. "We are confident that we have the right strategies to create a strong platform for sustained performance."

O'Reilly told stockholders the acquisition of Unocal Corporation in 2005 has strengthened Chevron's oil and gas position in key regions around the world and created new opportunities for significant value creation.

O'Reilly praised Chevron's employees for delivering world-class performance while at times overcoming a number of unexpected challenges, such as the Asian tsunami and the hurricanes on the U.S. Gulf Coast. He also said the company is investing in emerging energy technologies such as advanced batteries, hydrogen and biofuels.

Peter Robertson, vice chairman of the board, told stockholders that 2005 was the company's second consecutive year of record earnings. For the year, the company achieved net income of $14.1 billion and a return on capital employed of 22 percent.

Robertson said Chevron in 2005 also increased the quarterly dividend by 12.5 percent, the 18th consecutive increase in as many years; completed a $5 billion stock buyback program and launched another program of up to $5 billion over three years; and set a capital and exploratory budget of approximately $15 billion, roughly 34 percent higher than the company's 2005 spending level.

"Our strong earnings and cash flows are enabling us to return cash to our stockholders and, at the same time, fund a robust capital program, which in 2006 will be the highest annual spend in our history," said Robertson.

George Kirkland, executive vice president, Upstream and Gas, told stockholders the company continued its track record as an industry-leading explorer: "In 2005, we continued our strong exploration program by making 31 new discoveries that resulted in a 58 percent success rate. Major discoveries were made in the deepwater U.S. Gulf of Mexico, Venezuela, Trinidad and Tobago, and Nigeria," he said.

Kirkland said good progress was made during 2005 to advance major capital projects. Overall, Chevron has more than 20 projects with capital costs that each exceed $1 billion and over 40 projects that each exceed $500 million.

The five largest upstream capital projects are Agbami offshore Nigeria, Tahiti in the U.S. Gulf of Mexico, Benguela Belize-Lobito Tomboco offshore Angola, the Tengizchevroil Sour Gas Injection/Second Generation Plant project in Kazakhstan, and the Greater Gorgon Area development offshore Australia. Kirkland said all five projects are essential to bringing on new production and new reserves during the next five years.

Bo da bear is cvx gonna have a nice report friday?---------

[BOOOYAHOOO!]

what ya think Boo


Press Release Source: Chevron Corporation


Chevron's Performance Fuels Record 2005 Financial Results; Robust Strategies Create Strong Foundation for Future Growth
Wednesday April 26, 10:53 am ET
2005 highlights include exploration successes, major project milestones and 'unexpected challenges'


HOUSTON, April 26 /PRNewswire-FirstCall/ -- Chevron Corporation (NYSE: CVX - News) had a momentous year in which the company achieved record financial results, effectively responded to natural disasters and continued to build a strong foundation for future growth, Chevron Chairman and CEO Dave O'Reilly said at the company's 2006 annual stockholders meeting in Houston, Texas.
ADVERTISEMENT


"Our success demonstrates that we are moving in the right direction, with strong momentum," O'Reilly said. "We are confident that we have the right strategies to create a strong platform for sustained performance."

O'Reilly told stockholders the acquisition of Unocal Corporation in 2005 has strengthened Chevron's oil and gas position in key regions around the world and created new opportunities for significant value creation.

O'Reilly praised Chevron's employees for delivering world-class performance while at times overcoming a number of unexpected challenges, such as the Asian tsunami and the hurricanes on the U.S. Gulf Coast. He also said the company is investing in emerging energy technologies such as advanced batteries, hydrogen and biofuels.

Peter Robertson, vice chairman of the board, told stockholders that 2005 was the company's second consecutive year of record earnings. For the year, the company achieved net income of $14.1 billion and a return on capital employed of 22 percent.

Robertson said Chevron in 2005 also increased the quarterly dividend by 12.5 percent, the 18th consecutive increase in as many years; completed a $5 billion stock buyback program and launched another program of up to $5 billion over three years; and set a capital and exploratory budget of approximately $15 billion, roughly 34 percent higher than the company's 2005 spending level.

"Our strong earnings and cash flows are enabling us to return cash to our stockholders and, at the same time, fund a robust capital program, which in 2006 will be the highest annual spend in our history," said Robertson.

George Kirkland, executive vice president, Upstream and Gas, told stockholders the company continued its track record as an industry-leading explorer: "In 2005, we continued our strong exploration program by making 31 new discoveries that resulted in a 58 percent success rate. Major discoveries were made in the deepwater U.S. Gulf of Mexico, Venezuela, Trinidad and Tobago, and Nigeria," he said.

Kirkland said good progress was made during 2005 to advance major capital projects. Overall, Chevron has more than 20 projects with capital costs that each exceed $1 billion and over 40 projects that each exceed $500 million.

The five largest upstream capital projects are Agbami offshore Nigeria, Tahiti in the U.S. Gulf of Mexico, Benguela Belize-Lobito Tomboco offshore Angola, the Tengizchevroil Sour Gas Injection/Second Generation Plant project in Kazakhstan, and the Greater Gorgon Area development offshore Australia. Kirkland said all five projects are essential to bringing on new production and new reserves during the next five years.

Bo da bear is cvx gonna have a nice report friday?---------

I think you be pullin a wicked witch o da west on us! Yer melting! LOL I am almost finished writing yer eulogy in MEMSory of these VeRiDuMb idiot stocks ya brung us....oh yeah......GOOOOOO CVX! GOOOOO VLO! LMAO Who was dat masked man dat said earnings doan matta? :)

[chinaman711]

da the ? was on cvx dunb A@@ sorry forgot you know nothing about stocks over 5 sorry

[chinaman711]

CVX heavy volume 61.30 if you play options this might have a big run as there are not alot of shares for sale.

[BOOOYAHOOO!]

CVX heavy volume 61.30 if you play options this might have a big run as there are not alot of shares for sale.

I told you ta hold yer breath and squeeeeeeze! You just ainna tryin hawd enough. Here, lemme woik witcha. Take a deeeeep breath.....good. Hold it...hold it. Now squeeeeze!.......Ahhhhh, you dumass.....anybody got any Charmin? Chinakook jist had a little accident ova heeeya. :)

[Damon]

I told you ta hold yer breath and squeeeeeeze! You just ainna tryin hawd enough. Here, lemme woik witcha. Take a deeeeep breath.....good. Hold it...hold it. Now squeeeeze!.......Ahhhhh, you dumass.....anybody got any Charmin? Chinakook jist had a little accident ova heeeya. :)
I ain't got nunna dat fancy brand name toilet paper, but I gots plenty o' dat generic 1-ply sheeeit. Can't afford da good stuff because I'm blowin' all my dough at the 76 station. If things keep goin' da way da experts think they gonna be goin' wit oil, I might be resortin' ta corn cobs come summer. http://www.cramersmadmoney.com/images/icons/icon6.gif

[wallnut]

Screw da Oilers.. GO RED WINGS !!!!:p

[BOOOYAHOOO!]

[QUOTE=chinaman711]CVX heavy volume 61.30 if you play options this might have a big run as there are not alot of shares for sale.[/QUOTE

Yo! Slo Mo! How VLOoooow ya gonna go?!! Oh noooooooooooooo! LOL Hard ta figure too! Dems good errrnuns! :)

[BOOOYAHOOO!]

Screw da Oilers.. GO RED WINGS !!!!:p

Da Jooostun Oilers? I wunder if they be thankin dat a Reggie Bush in da draft is better den 2 boids in da bush. Whata yu think? :o

[wallnut]

I think Roloson should be drug out back and beaten to a bloody mess and left to rot in a pile of ragged goalie pads.............
And yes I love bush, trimmed of course..

[BOOOYAHOOO!]

Heck...I wunder where Chinaman711 is. I noticed 2 things that are suspicious about im. 1) He only comes out to Yahoo when his stocks are in a frenzy 2) He never Yahoos at night. Interesting. Yo Chinaman...do you work at a 711 store at night? which raises anudder question....is da FooKing Chinaman even Chinese?! :) Naaah....you're OK by me Cman. I'm wreckin yer jist checkin da chawts ta make sure ya gots everythin jist right. *-) Here's sumthin maybe you should try real quick befo ya check in tanight. Toin da chawts upside down jist befo nighty night so ya gots em in yer subliminal. By tomorrow you may even see da light! LOL

[madcowdisease]

We'll know Friday if the oil bull market is all hype or if there is gravitas to the speculation that has run it up over the past month.

BTW, CMan, what's your strike on CVX? Did you pick 'em up in or out of the money?

[sportsmadness80]

Have you read the latest about congress wanting to investigate the oil companies tax returns. Serves them right, I mean EXXON brags about billion dollar profits after and during Katrina hurricane. What does that say about the morals of that company. When Conoco Phillips and BP were confronted in Alaska about gouging they said the pain will be felt universally. I mean damn there are two refineries here and 12 ports to distribute from. Doesnt location give you some benefit. I will say this again. The day we ween off the black crude, I will celebrate most emphatically. :wink:

[chinaman711]

I don't think Exxon has bragged about their profits in fact most big companys try and stay out of the limelight. Its the little companys who are putting out all the pr's and braging about this and that while they continue to lose money. Its a shame our govt. always goes after the big companys that do well. I don't hear anyone complaining about how much money the govt. is making on the taxes from every gal of gas sold or the taxes exxon and the rest are paying so they can spend the money foolishly. I remember in the 60's when gas was 29 cents and the tax was a penny lets see gas up 10 times to 2.90 here in indiana and the tax is up 58 times at .58 a gal. hmmmmmmmmmm.

[chinaman711]

Micron Enviro Systems Announces Operations Commence on Alberta Oil Sands Prospect
Thursday April 27, 7:00 am ET


VANCOUVER, British Columbia, April 27, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTC BB:MSEV.OB - News) (Frankfurt:NDD.F - News) (``Micron'') is pleased to announce that the operator on the Athabasca Oil Sands Prospect has retained independent petroleum consultants to initiate operations on the property. An evaluation of the potential reserves, estimated development and operation costs, estimated future capital expenditures, and other pertinent information regarding the potential development of this Oil Sands prospect is expected to follow.
ADVERTISEMENT


Bernie McDougall, President of Micron stated, ``These are extremely exciting times for Micron. Starting operations on our first Alberta Oil Sands prospect is a huge milestone in the development of this significant project. Clearly the Alberta Oil Sands are the largest and most important area that we are involved in and to now be underway on this prospect is a definite signal to our shareholders of our intentions to build the company. We have also just acquired additional Alberta Oil Sands leases and are currently looking at additional prospects. When you couple these exciting Alberta Oil Sands prospects with our ongoing conventional oil and gas drill programs, and the near all time highs on oil prices, this is a tremendous period of growth for Micron. At this time, Micron is one of if not the smallest market capitalized company with exposure to multiple Alberta Oil Sands prospects.''

Micron has recently added three new Alberta Oil Sands leases consisting of 4 new sections in the world-class Athabasca Oil Sands region. Two of these new sections are within 5 miles of Micron's existing Athabasca Oil Sand Prospect. These two new sections are close to the existing Oil Sands leases held by Connacher Oil and Gas's Great Divide Prospect, as well as to other major Oil Sands projects by Devon, Encana, and Cononco Philips. The other new Alberta Oil Sands lease acquired consists of two contiguous sections that lie just southwest of the announced Royal Dutch Shell Plc Oil Sands leases which they recently purchased for approximately $400 million.

Micron is also currently looking

[BOOOYAHOOO!]

Micron Enviro Systems Announces Operations Commence on Alberta Oil Sands Prospect
Thursday April 27, 7:00 am ET


VANCOUVER, British Columbia, April 27, 2006 (PRIMEZONE) -- Micron Enviro Systems, Inc. (OTC BB:MSEV.OB - News) (Frankfurt:NDD.F - News) (``Micron'') is pleased to announce that the operator on the Athabasca Oil Sands Prospect has retained independent petroleum consultants to initiate operations on the property. An evaluation of the potential reserves, estimated development and operation costs, estimated future capital expenditures, and other pertinent information regarding the potential development of this Oil Sands prospect is expected to follow.
ADVERTISEMENT


Bernie McDougall, President of Micron stated, ``These are extremely exciting times for Micron. Starting operations on our first Alberta Oil Sands prospect is a huge milestone in the development of this significant project. Clearly the Alberta Oil Sands are the largest and most important area that we are involved in and to now be underway on this prospect is a definite signal to our shareholders of our intentions to build the company. We have also just acquired additional Alberta Oil Sands leases and are currently looking at additional prospects. When you couple these exciting Alberta Oil Sands prospects with our ongoing conventional oil and gas drill programs, and the near all time highs on oil prices, this is a tremendous period of growth for Micron. At this time, Micron is one of if not the smallest market capitalized company with exposure to multiple Alberta Oil Sands prospects.''

Micron has recently added three new Alberta Oil Sands leases consisting of 4 new sections in the world-class Athabasca Oil Sands region. Two of these new sections are within 5 miles of Micron's existing Athabasca Oil Sand Prospect. These two new sections are close to the existing Oil Sands leases held by Connacher Oil and Gas's Great Divide Prospect, as well as to other major Oil Sands projects by Devon, Encana, and Cononco Philips. The other new Alberta Oil Sands lease acquired consists of two contiguous sections that lie just southwest of the announced Royal Dutch Shell Plc Oil Sands leases which they recently purchased for approximately $400 million.

Micron is also currently looking

Hey C-clown, when MSEV hits .10 I'll be doing a countdown like they do when dey launch da space shuttle....hope to see you there fo da festivities! LOL I was wundrin if you still think there is a chance VeRiDuMb gets ta .10 befo MSEV does based on this worthless news story you just posted. Oh yeah....looks like it may be a great day to "average down" in da energy patch! :o

[BOOOYAHOOO!]

One mo werd of caution for da sheeple who are actually buying Chinaman"911"'s picks. When he comes back under da new screen name PiedPiperofPinks to pull da same crap all ova agin please be aware to look at what da real leaders of da pack are doin in da sector dat he be pumpin. For instance....if a leader like PEIX will get deeeestroyed....what do you think is gonna happen to VRDM?....a stock livin in da land where no street walker is outta da question as long as da price is right. have fun frenzied foos! LOL

[chinaman711]

Bought the dips cvx and vlo calls

[chinaman711]

sorry i dont have vrdm i have gshf made a killing already on vrdm

[chinaman711]

Hope everyone caught the dips today VLO CVX PAAS what a gift and my penny plays looking real good too

[chinaman711]

cvx coming back strong as it takes out 60 hope to see green soon

[chinaman711]

VLO just went green looks to be a great day in the oil patch and in the silver mines go paas go

[chinaman711]

cvx 60.50 and is now green might get a 3 bagger today on my vlo calls if this keeps up

[BOOOYAHOOO!]

cvx 60.50 and is now green might get a 3 bagger today on my vlo calls if this keeps up

Yepper! "if" it keeps up. And "if" you didn't actually believe yer own stupidity you'd actually be a purty good pumper....instead yer a chumper! LOL How's dem silver stocks doin? I made sure they held up da bus fer ya on dat rally ya gots all giddy bout.....even though there was barely enough room to squeeeze one last idiot on. :) Congrats Bucko! You be da last one on da bus to Salamieville! :o

[chinaman711]

Sorry you missed some great trades today maybe tomorrow will be better for you

[chinaman711]

Like your not a pumper ha ha the difference between your pumps and mine is huge. Some of mine go up 5-10 times where you are looking to make 3-5%. Your pumps suck just like you

[BOOOYAHOOO!]

Like your not a pumper ha ha the difference between your pumps and mine is huge. Some of mine go up 5-10 times where you are looking to make 3-5%. Your pumps suck just like you

Go ahead....get it all outta yer system before you go silent. I'm gonna be interested in seeing if you let yer crappy pig stocks fall as far as Cramer lets his fall before he realizes he was wrong. LOL I kin make it easy on ya and jist hit ya upside da head wit a cast iron skillet if it'll help you see what a dumchit you truly are! :)

[chinaman711]

cwpc .30 to 8 plus vrdm .04 to .30 plus erhe .30 to .81 and going to 10 wite that down dumb a@@ so you can remind me nex year when it gets to $10 thats right ten bucks you should get some and then take a year off i hear your family is getting upset with you maybe you need to treat them a little better. Good luck to ya

[chinaman711]

whoaaaaaaa you better hurry erhe just hit .82 that was fast 9 bucks and change to goooooooooooooooooooooooooooooooooooooo

[BOOOYAHOOO!]

whoaaaaaaa you better hurry erhe just hit .82 that was fast 9 bucks and change to goooooooooooooooooooooooooooooooooooooo

I can't even "paper trade" an .82 centavos stock chort...trust me, if I could I would! But issss OK Pepe! You gave me plenty of great chorts already and I appurshe ate everythang ya do fo me! And since they bees all long term plays (acording to clueless you) I actually hope you stick around! How did you like my choice fer yer new screen name that I mentioned this moanin? Purty appropriate...doancha think?! LOL

[chinaman711]

nope i trade too don't know how many times i have to tell ya. But your right erhe is a long term play for me just like cwpc was at .30. Hey your wife called me and she said she wished you would buy erhe and take a break. She really said she would like for you to get your fat a@@ off that chair and doing something with her.

[chinaman711]

She just called again and said tell him to buy it is .83 now

[BOOOYAHOOO!]

She just called again and said tell him to buy it is .83 now

If she calls agin tell er I'll be late fer dinner cause I'm headin ta Hooters! :) How come you only find .07 stocks when they are already trading at .30? No more good 10 baggers out there, so ya have to keep pumpin em and averaging in until you give up all your gains and then some....is that it? Gonna be a rough downtrend for you in the energy, silver, and fiber optic sectors the next few years. Of course you doan realize that yet. LOL

[chinaman711]

VLO ndh up almost 3 bucks from today low and i got a double from my calls from this morning.

[chinaman711]

make that up almost 4 : )

[chinaman711]

try iesv another 7 cent play going to .30 imo write it down so you get it right when it runs dumb a@@

[chinaman711]

I feel sorry for those girls at hooters as they will have to listen to that foul mouth of yous and look at that fat A@@ slooping down those ribs.

[BOOOYAHOOO!]

I feel sorry for those girls at hooters as they will have to listen to that foul mouth of yous and look at that fat A@@ slooping down those ribs.

Wings! dumass! Jeeesh! LOL And my a$$ isn't that fat...if it was a state it'd be Texas! *-)

[BOOOYAHOOO!]

try iesv another 7 cent play going to .30 imo write it down so you get it right when it runs dumb a@@

OK, I'll come back to remind you bout this POS. I think you wil find that they are alot harder to figure out if they haven't already doubled or tripled before you noticed em...let's see.

[chinaman711]

oh you mean like last year when i gave you cwpc at 1.69 lol looser. sorry you missed more good plays today

[BOOOYAHOOO!]

GSHF..nice! C-chump is now almost down 50% since yesterday when he was buying at .41. That's usually the point where even Cramer sees the obvious. Let's see how numb n dumb our resident clown is....still holding there Chinaclown? LOL I am proud to say I actually know someone who bought ABSOLUTE top on this pig! LMAO

[jacobnbr1]

good thing i sold gshf yesterday. glad to have the free shares but wish it could have went some more..

[chinaman711]

CVX great earnings report VLO right thru 65 in this weak market as oil and the metals go higher. GSHF that 1 hurt but like i said im l/t on it just like cwpc hurt last year when i was buying at 2.40 and it went to 1.95 yep it hurt for a month and now im sitting on free shares anyway the action today is in cvx and vlo good luck

[madcowdisease]

We'll know Friday if the oil bull market is all hype or if there is gravitas to the speculation that has run it up over the past month.

Seems the bull market in oil has been resurrected.

[chinaman711]

even the energy drink moving today rshn : )

[madcowdisease]

even the energy drink moving today rshn : )
Wow, talk about resurrection. How long ago was it that that stock was mentioned on here?

[chinaman711]

CVX VLO SU HAVING A GREAT DAY AND LOOKING FOR MORE. CVX GREAT EARNINGS REPORT AND NEXT QTR. SHOULD BE EVEN BETTER. If this market would turn around we could have a big day here in energy and the metals.

[chinaman711]

Looks like we have a few years left to make money in oil stocks and looks like the big bucks will be made in 2010 if this guy is right. Good luck----------E-mail | Print | Comments | Request Reprints | E-Mail Newsletters | My Yahoo! | RSS


Energy
Oil Companies Won't Fish
Jessica Holzer, 05.01.06, 6:46 AM ET


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Washington, D.C. - As Americans start hitting the open road this summer and high gas prices creep even higher, the oil industry will draw an increasing amount of fire from critics who claim it should be doing more to increase supply. Already, President George W. Bush, himself a former oilman, has lamented that the oil companies aren't investing more to expand production.

With the price of crude well above $70 a barrel, the Bush administration believes that oil companies have all the incentive they need to scour the world for new reserves and ramp up more costly production of unconventional oil. Still, the notion that Big Oil is constraining supply in order to reap outsized profits is the stuff of conspiracy theory--private oil companies have no more control over the world price of oil than motorists.

So it is puzzling to many industry analysts that instead of using these profits to develop new sources of supply, they prefer to lavish them on their shareholders in the form of higher dividends and buy back stock. The industry protests that it has poured $106 billion into new production already this year. But though that may sound like a lot, it isn't even enough to replace the depletion of current oil fields as well as cover the wear and tear on equipment and machinery.

"The oil companies have done a tremendous amount of investment," says James Hamilton, an economist and energy expert at the University of California at San Diego. "But they have to just to remain in the same place."

Several factors are making it difficult for the companies to expand production, including shortages of engineers and equipment created from years of low-priced oil. In addition, investment opportunities are scarce. Up to 75% of the world's reserves are off-limits to private oil companies, calculates Philip Verleger, an industry expert at the Institute for International Economics in Washington. And the projects that are available aren't always that lucrative since national governments demand most of the profits for themselves.

But another, more surprising, factor is holding back the oil companies: They simply aren't that bullish on the oil market 10 or so years down the road, when a project started today will start to produce oil.

"My guess is virtually 90% of the oil industry is assuming that $70 oil is not going to last more than a few years," according to Adam Sieminski, the chief energy economist at Deutsche Bank (nyse: DB - news - people ). He guesses that most oil companies are projecting crude will fetch $40 a barrel plus inflation over the long-term.

On that score, the oil companies appear to be virtually alone. Wall Street continues churning out predictions of $100 oil. Hedge fund managers are pouring millions into oil futures. And peak oil theorists, who argue that humans have produced nearly half the oil that there is to produce, and that therefore prices will shoot up enough to bring economic growth to a halt, are enjoying their heyday.

"The people most alarmed about future supply are not the people running oil companies," says John Felmy, the chief economist at the American Petroleum Institute, an industry trade group in Washington.

The oil companies haven't forgotten the 1986 bust that wiped out nearly half the industry. Today, they worry that a slowdown in the global economy or a flood of new supply could bring prices crashing down. The former happened in 1998, when the Asian financial crisis produced the lowest-price oil in inflation adjusted terms.

And if oil expert Daniel Yergin is right, the world is about to see an unprecedented surge in supply. A field-by-field analysis conducted by his company, Cambridge Energy Research Associates, predicts that 16 million new barrels a day will come online by 2010. That would amount to a 20% increase in world oil production.

At the time of the study's release last summer, critics charged that it low-balled the rate of depletion for fields currently in production and that it didn't leave room for the inevitable slippage of project deadlines. To some extent, they were right. Production in the North Sea has declined more rapidly than Cambridge Energy predicted and Gulf hurricanes and unrest in Nigeria have knocked some production off line and slowed new projects. But there is little doubt that a good portion of this fresh supply will come online eventually as the projects were planned when oil was much cheaper.

Over the longer term, oil companies are counting on getting cleverer at extracting more oil from any given field as well as from unconventional sources, such as oil shale or tar sands. If history is any guide, they will succeed.

In the past, only 10% of oil discovered worldwide ever made it to market, says Jerry Taylor, the director of natural resource studies at the Cato Institute in Washington. But thanks to the march of technology, that portion has climbed to 35%; a move to 40% would create a big increase in new supply. Peak oil theorists have ignored the impact of these technological advances when they have predicted for years that world oil production was nearing its peak. And that is the reason they keep getting it wrong. ---

[chinaman711]

ALL ABOARD!
Don't like it? Don't buy it
Commentary: Cyber crowd quick to defend Big Oil profits
E-mail | Print | | Disable live quotes By Shawn Langlois, MarketWatch
Last Update: 9:45 AM ET Apr 29, 2006


SAN FRANCISCO (MarketWatch) -- Every time a polar bear drowns in the Arctic, Exxon Mobil pockets $13.73 billion.
Or something like that.
With all the flowery examples of just how vast Big Oil's profits have gotten in recent quarters, one would think the apologists for Exxon (XOM : exxon mobil corp com
News , chart, profile, more
Last: 63.08+0.66+1.06%

4:05am 05/01/2006

Delayed quote dataAdd to portfolio
Analyst
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Financials
Sponsored by:
XOM63.08, +0.66, +1.1%) and Chevron (CVX : chevron corp new com
News , chart, profile, more
Last: 61.02+1.04+1.73%

4:15am 05/01/2006

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Sponsored by:
CVX61.02, +1.04, +1.7%) would be in short supply.
Especially considering the cost to fill up the tank these days.
But that hasn't exactly been the case across some of the more lively sites on the Internet this week. Instead, the popular stance: No one to blame but yourself. See full story on Exxon's profits.
"You could walk/bike to work, use mass transportation, live closer to your job, buy an economy car," posted JPBreon on Fark.com. "All those things will help. But nah, every time you see a TV newscaster standing by a driver filling his car up, its some suburbanite with an SUV bitching about gas prices and the government." Visit Fark.com.
More of the same from ThomasW over in The Wall Street Journal Online's discussion group, where a proposal to give taxpayers a $100 rebate check to offset pain at the pump was met with heavy criticism:
"I think it's shameful that many average Americans plus the politicians in Washington are blaming the oil companies for the current spike in prices," ThomasW wrote. "If Americans want to find someone to blame they should look in the mirror and consider their gas consumption habits over the last couple of decades." Go to WSJ.com's discussion page.
ActionReplayNick agreed: "The price of crude is up, profits rise accordingly. Oil isn't a birthright; it's a commodity. As much as I hate giant corporations, it's not the oil companies' fault you can't quit them."
It's not all about the politics either, according to BeliTsar.
"I'm a pretty die-hard liberal, but the change here has to start with us, not with them. This kind of economics is so simple, even crack dealers can handle it. The more addicted you are, the more they can charge," he wrote. "No one is going to stop them, and within the confines of a capitalist economy, no one should. They're under no moral obligation to supply you with cheap gas."
Then there was SnarkyChique, who figured there would be more outrage aimed at the funeral business. "They are making their money from dead people. I used to work for one and remember a very interesting stock holders meeting. The CEO actually said something like, 'This flu season was better than last year which helped.'"
And finally, BthTubJen just couldn't muster a retort: "The outrage? Can't afford it. All my money is going toward gas."
Had enough of Big Oil profits? Are Exxon and Chevron getting too much of the blame? Share your thoughts on MarketWatch's "XOM" discussion board. Click here.

[chinaman711]

CVX VLO CHK all looking to go higher on the open. Should be another good day in the oil patch. NSOL looks good to go FPPL hold on its gonna go imo

[chinaman711]

what a day so far in the oil patch CVX VLO CHK all having great day so far. CWPC moving too

[Mad Girl Investor]

Geez, just got back..what happened to UPDA???

[chinaman711]

Better buys then upda but upda will have its day soon. CVX sweet 62.49 ndh chk and vlo cwpc what a day

[englishman26]

CWPC is doing well again but they're heading into a quite period of drilling and this might not be a great time to buy. Return to this one in a couple of months time, I think.

TXLA getting it's move on today. I've been waiting for this. I think it can run to $2.50 at some point.

[Prodigy]

UPDA going higher!

Prod

[madcowdisease]

I find it funny how impetuous and myopic traders can be. Oil is taking a hit due to some inventory numbers showing builds in gasoline. They are all assuming this means demand is dropping off. Yea right. Memorial Day is just around the corner and not only do a ton of ppl drive on that holiday but it is the unofficial start of Summer and the sustained, heavy driving season. Oil isn't going lower and neither is gasoline because we're not going to drive less. If you don't have a position in oil stocks yet, today marks a good point to take an initial stake in the one of your liking with the pullback.

[madcowdisease]

Whatch all the oil stocks plummet at 2:30PM.

[KPN_1991]

What do you mean when you say...Whatch all the oil stocks plummet at 2:30PM....? What information do you have that supports this and is that going to just be a temporarily drop and it will rise back up before the end of the day or it will stay down?

[chinaman711]

Just a dip in oil prices imo and oil has come back everytime. Look at the profits reported in the 1st qtr based on 63 dollar oil and if the 2nd qtr. average is 70-80 dollar oil these companys are going to have another record qtr. CVX SU CHK buy the dips has worked all year and imo will work alot longer. Good luck and watch the price of nat gas the next few months could be better plays in nat gas.

[chinaman711]

CVX looking good in this flat market this morning. Looking for 63 on cvx soon. CHK back to 33 looks good too

[chinaman711]

CVX ndh 62.95 looks like its off and running again.

[chinaman711]

Shell paying big bucks for a canadian oil sands company. : )

[chinaman711]

cvx resistance is 62.95 if cvx gets thru this it could run again imo

[englishman26]

CWPC taking flight again today. Enjoy!

[chinaman711]

Yep the canadian oil sands stocks are strong again and with the shell news could get alot stronger imo. CVX takes out 63 : ) hope it continues

[sportsmadness80]

I think Nuclear is the way to go. Plug in your car and run on fuel cells or lithium batteries. This way there are no polutants, and we'll quit fighting over scarcer commodities like oil.

I don't think biodiesel and alcohol are anything but fads. The answer to our oil problems are so easy to see. URANIUM!!!

Amen amen amen ..... brother!!!!! I think you need to run for office. About time a good positive post entered into this forum. I listened to Cameco quarterly earnings voice conference and they think uranium will play out as far as 15 years. Numerous nuclear facilities on the books new and ones being refurbished.

[chinaman711]

Nuke the way to go? I sure hope so as my son is getting out of the navy soon and he has 20 years in the nuke field. Oil going higher as summer is right around the corner.

[InvestingMoron]

Steam pig. I was a MT on a SSBN.

[chinaman711]

CVX looks like 64 is coming CHK needs to get going too SU up a little another great day so far for cvx. CWPC should see 10 s/t and alot more l/t imo

[madcowdisease]

Wtf? Oil is up sharply, over a dollar today and most of the oil patch is down. It seems investors are spooked about something. Maybe the FOMC threw them off a little and they don't know which way to go. Someone needs to take them by the hand and show them the way :roll:.

With this complex being a secular cohort and the fact oil is up these shoudl all be up nicely. Beats me.

[chinaman711]

dow down 127 points cvx is still up a little : ) and so is cwpc upda