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Southern Copper Corp. Message Board

luvcritters50 2 posts  |  Last Activity: Jun 18, 2014 12:37 PM Member since: Sep 3, 2011
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  • Reply to

    Stock will only payout $35 in future dividends

    by yurivelarde Jun 18, 2014 9:39 AM
    luvcritters50 luvcritters50 Jun 18, 2014 12:37 PM Flag

    There is not enough metal on this earth to make all the windmills, cars, solar panels, etc., needed to accommodate the population with transition from oil to green. It will take 20-30 years to move away from oil to alternative energy to make a difference in oil prices. Everything we touch and own is produced using oil. Isn't a key ingredient of plastic oil? In the short run, near future, I do not see oil prices dropping. As long as we have an anti-oil president, the price will be up regardless of green energy. Just my opinion. At this time I will not be short on oil.

  • Reply to

    Stock will only payout $35 in future dividends

    by yurivelarde Jun 18, 2014 9:39 AM
    luvcritters50 luvcritters50 Jun 18, 2014 10:33 AM Flag

    The way things are going in the Middle East the price of oil could be above 30% by the end of the year. And if not this year, then next year. Do not underestimate the price of oil. To go along with it, Obama has a global warming agenda. The higher the price of oil, the more people will buy electric cars and other green machines. IMO, that is part of the reason he is doing nothing about what is going on in Iraq. Middle East chaos means high oil prices.

SCCO
33.23-0.02(-0.06%)Jul 25 4:00 PMEDT

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