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San Juan Basin Royalty Trust Message Board

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  • birdluck1 birdluck1 Jan 13, 2006 5:40 PM Flag

    COS move (OT)

    Good point, it would take very little profit-taking to wipe out this gain. I, like you, am in it for the long haul and do not trade short term. I am more concerned with how much the dist. will be next year. Good luck to us both.

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    • I could be wrong on this, but I
      believe the more we get "volatile
      geopolitical situation" with "unreliable
      oil countries" the higher COSWF will
      go in price. Think Russia, Nigeria,
      Venezuela, & Iran & ask yourself this
      question.(How "reliable" are they as
      reliable oil partners to USA in next
      ten years? / I say not very reliable)
      I left out Saudi Arabia whose Royal
      Family is corrupt & could be overthrown
      & replaced by anti-western leadership
      group which might not be very reliable
      on supply of oil.

      China is going around world trying to
      get these countries to supply oil to
      China versus USA. Cuba is drilling
      for oil off its coast with help from
      China USA & Canada have had "strategic
      energy partnership" over the years
      & need to continue it.

      IMHO

      MD

 
SJT
12.12-0.27(-2.18%)Apr 17 4:02 PMEDT