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Continental Resources, Inc. Message Board

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  • garceman1 garceman1 Oct 1, 2011 5:16 PM Flag

    Wait till it comes down to buy

    given the way that stocks , in recent years , have been
    trading on headlines and short term events , i would say
    that the price of CLR and other producers will come down
    a lot ..

    a short study on oil , since the shocks of the 70's shows
    a drastic fall after new peaks are set ...

    back in late 70's when oil was in the high 30's analysts
    were predicting no end in sight and definitely oil over
    40 and some as high as 100 .. the bubble broke and
    oil eventually fell under 10 ...

    i would posit the next big down cycle for oil will definitely carry it under 50 , maybe under 40 and the
    oil stocks will follow

    i certainly would not load up the wagon on any oil company
    at this time , but moderate buying would be a good idea,
    saving some dry powder for serious bargains ..

    as so often is the case , basic supply / demand does not
    hold for oil , shortages and gluts occur ... the world
    is due for a glut at some point, but only an idiot would
    propose when ...
    CLR is certainly very very well positioned , especially
    if our politicos decide to use domestic production to
    break dependancy on foreign oil ... with the Bushes gone,
    we should not have such a serious alignment with SA ...

    later .. garce

 
CLR
44.90-0.16(-0.36%)Jul 22 4:02 PMEDT