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Oil Companies


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StatTrader
PostPosted: Sun Jun 03, 2007 12:04 pm Post subject: Reply with quote

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Wow Grim, I'm surprised that you so readily admit that your opinions are uninformed.
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Grimreaper
PostPosted: Sun Jun 03, 2007 1:58 pm Post subject: Reply with quote

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StatTrader wrote:
Wow Grim, I'm surprised that you so readily admit that your opinions are uninformed.


My opinyuns are based solely on TA. Right now Earl ainna in a barrell...Earl in a bubble! Laughing When China dumps it'll be aaaaaall ova fer Earl, copper, steel, lotso grossly overvalued crap. The stocks will do 10 times werser than da comodititties behind em. Wink Can 350 million stock "trading" accounts in China be wrong?....Let's find out....shall we? Very Happy When we's at a point where you's skeeered ta say "buy da pullback" we'll see what yer "peak Earl" repotes be sayin then. Embarassed
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Grimreaper
PostPosted: Tue Jun 05, 2007 4:07 am Post subject: Reply with quote

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Nice! USO down "nicely" taday...dat's mo like it! Very Happy I still think it's funny how we see all these terrorism announcements....most times directed at "what it's gonna do to da price ov Earl" ...as fer as Wall St is concerned anyhoo. Rolling Eyes Like this last cherade bout JFK airport. Laughing Yeah...MILLYUNS WOULDA PERISHED!!! Laughing I know I wasn't skeeered...but yes...I AM glad da F.B.I. was there fo me. But they should at least inform their spokespeople dat ifn ya light a match in Brooklyn....Quenns ainna gonna blowd up. Rolling Eyes I'm jist wondrin who setoff dat him er herricane in da gulf!...no, not da one in da Gulf o'Mexico...the one in da Persian Gulf! Shocked Chit like dat hasn't happened in years! I pay attention ta dat chit cause who ever caused it probly has a tad mo ta say about where da price ov Earl goes from heeeeya then da fokes on wall St does. Embarassed
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Grimreaper
PostPosted: Wed Jun 06, 2007 4:33 am Post subject: Reply with quote

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Got gas?!!! Shocked 3 times the expected build in gasolina....yuns guys had bettah stawt chuggin! Laughing
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Grimreaper
PostPosted: Thu Jun 07, 2007 5:44 am Post subject: Reply with quote

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I wonder ifn any ov da Earl pigstock bulls can deny that it's all about Earl....this fall in the majer indicies that is. USO through $51...but jist bout ALL da Earl pigstocks are still down. Confused What do yuns think is gonna happen ifn USO puts in a key reversal day today and closes balow yesterday's low? Embarassed What's gonna happen to da Earl pigstocks that is. They gonna rally....right?!!! Laughing I hedged my chort plays by goin chort da VIX at 15.95. Things gonna get sooprizedly mo excitin fer da Earl bulls I'm wreckin....and the things that should go bump in the night on fallin Earl will probly go thump in da night....stuff like Cramer's four pieces of horsechit Arrow AAPl RIMM, AMZN, GOOG. Rolling Eyes
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Grimreaper
PostPosted: Fri Jun 08, 2007 3:03 am Post subject: Reply with quote

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Ya gotta hand it to Cramer...he doesn't give up. Perhaps he is sooo persistant becuz he is sooo terminally clueless. Confused I've seen fokes like dat at various stock pickin sites I visit....they keep spewin n spewin until in the end they gots no choice but to remain silent. Laughing Let's looka Cramer's persistance dat he be right about his call ta git fokes in at da top o'da Earl trade....actually, any top in Earl is a potential beginning ova looong term bear mawket...so it ainna just a trade...but don't tell anyone. Confused Shhhhhhhhh.... Very Happy Here's what I mean about Cramer's persistance. Let's look at his previous WOOHOO stocks in premawket right cheeeya right now...HAL..down .28 centavos, DYN..... down .09 centavos, RIG...down .64 centavos. Cramer was still getting da sheeple into those at 10%+ higher levels....those now qualify for a Cramer claim that he made ya 30%+ befo he turned bearish...that's what he will be saying in 6 months. Rolling Eyes On the other hand...he just noticed that XTO made a 52 week high this past week and he wants you to get in to make sho it is an alltime never to be seen agin fo 3 years high in XTO. You can still get in bafo it gets deeeestroyed at $62 dallahs, max.....it's only up .68 centavos right cheeeya right now in premawket tradin. Wink Like I'm tellin ya...there is either sumthing "sinister" about Cramer...or he is even more clueless than Larry Krudlow! Laughing

Sidenote: I know I keep tellin ya's there will be no true bull mawket until fokes like Cramer get eliminated. What I actually meant was that there will be no bull mawket until fokes who drive XTO up .68 in premawket cause Cramer says it is good get eliminated...so relax....there's still plenty ov time. Laughing
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StatTrader
PostPosted: Fri Jun 08, 2007 2:40 pm Post subject: Reply with quote

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CVX announced that they are retiring $1.47B in debt. They may go down a bit further (with the rest of the market) before resuming their march higher, but with a 3% dividend that keeps getting raised every year, any time is a good time to get into CVX.

Yes I own it and don't plan on selling it for at least another 4 years.
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Grimreaper
PostPosted: Fri Jun 08, 2007 10:43 pm Post subject: Reply with quote

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StatTrader wrote:
CVX announced that they are retiring $1.47B in debt. They may go down a bit further (with the rest of the market) before resuming their march higher, but with a 3% dividend that keeps getting raised every year, any time is a good time to get into CVX.

Yes I own it and don't plan on selling it for at least another 4 years.


I'll make a note ovit....I'll even give ya da closing price ov 80.69. Wink Seems like a high price ta pay fer a lowly 3% divvy. But of course you will git da chance to splain why ya paid 80.69 latta ooooon when CVX is at 50% lower levels....all fer da sake ova 3% divvy. Rolling Eyes Very Happy
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StatTrader
PostPosted: Mon Jun 11, 2007 3:22 am Post subject: Reply with quote

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Grim,

Care to give any time frames to your predictions? Will CVX be at 50% its present price in 3 months? 6 months? 1 year? 2 years?

You were singing the same tune when CVX was at $68.
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Grimreaper
PostPosted: Mon Jun 11, 2007 4:04 am Post subject: Reply with quote

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StatTrader wrote:
Grim,

Care to give any time frames to your predictions? Will CVX be at 50% its present price in 3 months? 6 months? 1 year? 2 years?

You were singing the same tune when CVX was at $68.


Actually...when CVX wassa at $68 I'm wreckin VLO wassa at $48....and at dat time I wassa axin yuns guys ifn it was time to Arrow "buy da pullback" Laughing Of course yuns was too skeeeered ta spekkin zee duetsch....which was probly cause yuns was all in deep mourning....as in Arrow BOOHOO!!! Crying or Very sad ....which ov course meant it was time to Arrow "buy da pullback" Wink I am proud ov you though Stat. You were the ONLY one to ignore the obvious divergencies betwixt the price ov physical earl anna what the Earl stocks wassa doin and to come in wit a buy call....CVX at 80.69 in this case. What is my timeframe? I doan really have one....all I know is you made a tremendous mistake. And all I can hope you will do is actually come back wit a BOOHOO when da tai-ming is right next time. My suggestion to da resto da Earl sheeple is to Arrow Sit back, enjoy da carnage,...and buy da pullback ifn ya be lookin to maximize losses. Very Happy
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StatTrader
PostPosted: Mon Jun 11, 2007 4:04 am Post subject: Reply with quote

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I don't quite understand how you tie a change in the gasoline stocks to future oil prices. Gasoline has been high because of refinery outages, not oil shortages.

As for oil supply, have you seen

http://www.eia.doe.gov/emeu/steo/pub/3tab.html

Notice how the Department of Energy puts average toatl world oil demand at 86 mbd (million barrels per day) in 2007 and total world oil supply at 85.4 mbd, a shortfall of 600,000 barrels per day to be made up for by drawing down strategic reserves!

In the face of this, you stubbornly predict that oil prices will plummet. You really need to explain your "technicals" if you want people to understand. Just thumping your chest with a bunch of predictions may sound good but why do you continually refuse to put any meat behind them?

I don't know whether you are capable of posting a reply in plain english that clearly explains the rational behind your predictions. That shows your charts or whatever it is that leads you to your conclusions and does so without forcing the interested reader to spend half an hour deciphering your gibberish.
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Grimreaper
PostPosted: Mon Jun 11, 2007 4:22 am Post subject: Reply with quote

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StatTrader wrote:
I don't quite understand how you tie a change in the gasoline stocks to future oil prices. Gasoline has been high because of refinery outages, not oil shortages.

As for oil supply, have you seen

http://www.eia.doe.gov/emeu/steo/pub/3tab.html

Notice how the Department of Energy puts average toatl world oil demand at 86 mbd (million barrels per day) in 2007 and total world oil supply at 85.4 mbd, a shortfall of 600,000 barrels per day to be made up for by drawing down strategic reserves!

In the face of this, you stubbornly predict that oil prices will plummet. You really need to explain your "technicals" if you want people to understand. Just thumping your chest with a bunch of predictions may sound good but why do you continually refuse to put any meat behind them?

I don't know whether you are capable of posting a reply in plain english that clearly explains the rational behind your predictions. That shows your charts or whatever it is that leads you to your conclusions and does so without forcing the interested reader to spend half an hour deciphering your gibberish.


Actually...prices ov commodities moved higher at first based on demand fackters....but then human emotion took over. Now there's an idiot in Cali sumwhere dat paid $550000 fer a house that was actually werth $350000 at the time....jist becuz he was afeard the same house would be selling fer $575000 ifn he waited even 1 mo day. And I'll tell ya what!....he was right!... the next day the same house got a bid of $585000 and he lost the chance ta buy! Laughing Of course dat was back in Aug ov 2005 and it is "easy" to see how da mawkets have begun to make da "proper" adjusto. Wink Why do you think high Earl n gas prices have anything to do with sooply and demand past da price of say $2.25/gal fer reggy? Confused I doan get that.... jist becuz fast Muny Sooper Flunkie Eric's Balding (cause he can't read a chawt), Phil "mushmouth" Flynn, and T-bone Pickens tells ya its werth that....you agree? Is that pretty much it Stat? Or werser yet....are ya lissnin to da govmint cause they took Earl n food outta da inflayshun numbas....which gives em mo "wiggle room" ta skew da numbas yer relyin on? Confused You "may be" in deep doo doo!....sounds like you be investing on funnymentals! Embarassed Shocked Laughing
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StatTrader
PostPosted: Mon Jun 11, 2007 9:46 am Post subject: Reply with quote

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So Grim, still no meat behind your predictions. I don't remember you posting a single chart or showing any data to support your position; just emotion laden references to oil pigs. Is that all you have?
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Grimreaper
PostPosted: Mon Jun 11, 2007 10:15 am Post subject: Reply with quote

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StatTrader wrote:
So Grim, still no meat behind your predictions. I don't remember you posting a single chart or showing any data to support your position; just emotion laden references to oil pigs. Is that all you have?


Yep...sutton like dat. Very Happy BTW, Earl, gold, the rate on the 10 year treasury...they were all up taday. The majer stock indicies were flat to down at a time when they needed follow through. That shud make logimacal sense to ya ifn ya think about it. It most definutly shud fit into yer way of thinkin fo sho. Wink I doan git paid ta post chawts and give lessuns....probly cause the fokes ova heeeya runnin the show couldn afode me. Laughing I told ya my reazuns many many times. I also pointed out some divergences here recently. You kin ignore em ifn yawnto. I doan personally rework what da chawts are telling me in order to git da chawts in line with what I'm thinkin....so it would be senseless ta splain it to you anyhoo....since you will no doubt choose to baleave only what ya wanna baleave, no matter what the technicals are sayin. You doan need no stinkin chawt. A chawt is only gonna create "inner conflict" for ya. Wink Very Happy
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StatTrader
PostPosted: Tue Jun 12, 2007 4:20 am Post subject: Reply with quote

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For those interested (i.e. not Grim), the International Energy Agency (IEA) now places 2007 world oil demand at 86.1 million barrels per day while world oil supply will be 84.5 million barrels per day.

That means that worldwide reserves must be drawn down at the rate 1.6 million barrels per day through 2007 for demand to be met.

http://www.marketwatch.com/news/story/iea-ups-oil-demand-forecast/story.aspx?guid=%7B44E7E328%2D8C6F%2D4D3C%2D8DC8%2D5CD2548EF4A1%7D

BTW... historically, the IEA has painted a very rosey picture of oil supply and demand showing no problems going out to the year 2030
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