announced. Over 50% of today's volume accurred
after the news hit at 3:00. SFY Hit 25 then the selling
began. Still, it was good news. The trade volume didn't
hit the 3 month daily average nor did it come near
the 10 day average. Tomorrow morning should be
interesting. If NG continues to increase, so should
Markets had a bad day, but we did pretty
Future looks very good.
The only good thing I might be able to support
about Gore is that his ding-bat policies and his
ding-bat crew will keep NG at $4plus. He forgot that
socialism fell with the wall, but he, Hilary & Bill, want
to revisit it in a different package. Gore and SFY
could be strange bedfellows for different reasons...
but then again he would want price controls.
Al Gore. Supports Kyoto treaty and various
eco-causes. Friend of the rain forest and the various
suppressed peoples everywhere. Calls the auto an enemy to
mankind. Professed enemy of "Big Tobacco."
family made and continues to make money from OXY, a big
oil an chemical company that is theoretically active
in lots of things Gore is opposed to. Gore pulls
strings to assist OXY in extracting oil from land in
Columbia. The land is occupied by indigenous peoples who
oppose the oil drilling. Plus, he received money for
raising tobacco for a number of years.
he did invent the internet and discover Love Canal,
so I guess he deserves some slack.
NATURAL GAS (NYM)
June 00 ($US per
5/19 15:10 3.84 High 3.82 Close +0.115
Secretary Bill Richardson Complains that Oil Prices Over
$30/bbl. Are too High Again
See the article
Personally, I think he is barking up the wrong
doesn't yet even appear to know
that he has much
bigger problems than oil
summer is going to
be a very rude awakening, followed
very cold and dark winter.
cabinet secretaries for anyway?
This guy is a
joke. Even Donna Shalala
knows a crisis when she
Go long on woolen knickers and night
goggles for winter this year, and
clothes manufacturer's for the summer.
are going to be very much in vogue
due to great
prior planning by the DOE and
by congress and the
Happy election Al Gore.
shrugged off the 'downgrade.' looks like the OSX
analysts are trying to time the top. they are wrong IMHO,
because i agree with those who have posted here that this
time it's dfferent, in sense that we are facing a
multi-year shortage of NG unless the economy tanks totally.
my own scenario is for a soft landing engineered by
the Fed, GNP growth in 2001 perhaps 1 or 2 percent
and no collapse abroad either. if this holds, then
oil will remain in upper 20's and NG will rise to
about $4 and stay there for two years or more. SFY,
even without NZ, becomes a $40 plus stock. if NZ hits
big, SFY rises much higher. IMHO, Houston Oil and
Minerals is a better comparison than ARCO. they hit a big
gas strike in 1972, and in three years rose from $5
to $500. it doesn't happen often, but it does
Nice curve of ARCO. Prudhoe bay was
in the mid-late 70's I think, and the
when ARCO went from 10 to high
30's was when it
was confirmed commercial
and what the size was.
Then settled into
the 25 range and grew as it was
and earnings ramped up the stock price into
the 40's and 50's.
As for CIBC downgrade
today. Yes, they downgraded to a BUY from a STRONG
All that means is that the stock price
to double again in 2 weeks.
their view on gas prices to
$3.05 this year and for
2001. They were
using $2.30 for the gas price to
SWift earnings before. Let's see if I got this right.
Their forecast went up from a level that was way low
for gas, which is 80% of Swift's product, to
something more realistic but yet which still lags reality
by quite a bit, and they haven't yet upgraded their
earnings forecast to reflect the gas price
but they downgrade the stock?
CIBC and special
friends of same looking for
an entry point into
something moving much higher before analyst upgrade on
You decide yourself.
JAG Notes Staff CS First Boston Views on JAG
Notes reportes SFY Downgrade from Strong Buy to BUY,
raised target from $21 to $31, �01 from $1.28 to
Pushed the chart back about as far as it would go on ARC.....mid 70s....when was the
Prudo Bay discovery? Early 70's ?....see commodity associated rise up through 1980....after
which time it didn't matter: Prudo Bay, Hudson Bay or Tokyo Bay one would have wanted to be
out of ARC to reenter later.
No, sorry didn't "run away." Have as large a SFY
position as I have ever had, less the trimming off of some traders yesterday just shy of $25.
It never ceases to amaze me how the words "triple and quadruple" always appear when the
Stocastics are at the top of the
Thanks for the gems you two posted (1512 and
1514)!!! Anyone would be well advised to print and post
these two right behind their computer. Following this
advice for the next several years will be very