not impressive earnings for highest silver prices ever
Was not impressed with SLW considering they had silver prices of $30-40 during the quarter.
Better to own oil for the future. India is outgrowing China in annual population increases and it is said that over the next 15 years China and India will add 500-700m cars, buses and trucks to the existing supply.
Also, China and India currently use only 2-3% of the annual energy that an American uses.
People are moving from rural areas of those countries to the cities. This will be big over the next 10 years. Forget, Silver Wheaton and go for the Oil.
LOLLOLOLOL...<< India is outgrowing China in annual population increases and it is said that over the next 15 years China and India will add 500-700m cars, buses and trucks to the existing supply.>>.....Think of all the silver that is going to be needed to make that many traspotation vehicles with all the electronics involved, along with the manufacturing equipment that will be needed to build that many vehicles.
Too funny how you disputed your own logic. p.s. you can build cars that will move by means other than oil-based products, but you can't build the electronics without silver:)
Are you f'in kidding me? Just because SLW didn't hit some analysts projections of what they "think" they should do you aren't impressed? Look at the Q/Q comparison old man....impresses the you know what out of me...and I'm not easily impressed!
Yes. I own a ton of CHK. They were all natural gas two years ago. This year 10-15% liquids (oil shale and natural gas liquids which sell at about 50-65% of oil prices). They predict 20% of earnings to be liquids next year and 25%-30% by end of 2013.
SD, has balance sheet issues but very good oil shale leasehold.
Brigham Energy, another major domestic oil shale player.
Too much hype and too much price run up on Silver Wheaton kept me away. Now if it drops to $20.00, that would be as interesting as the three oils. But the oils are about world demand.
Silver is not a must have if you know what I mean. Oil keeps the economy of the world running.