InvestorsHub Logo
Followers 297
Posts 31501
Boards Moderated 4
Alias Born 12/04/2008

Re: lmcat post# 31

Sunday, 01/16/2011 10:12:11 AM

Sunday, January 16, 2011 10:12:11 AM

Post# of 105
some have done very well as he touts but he has also had losers that I got tips on-the win/lose ratio is unknown as he only publishes the winners-we all win some and lose some- the task is to pick more winners than losers- it is not good to see an energy company -OIL raise capitol by selling shares as there are not enough shares to fund O&G exploration and production-having said that I am gonna do some digging on this one as I live in Texas and have lived my whole life in the oil and gas fields-New Mexico is close by (100 miles) I have a friend here that is an independent producer-he pulls in several private investors on each well he drills -4-5 per yr.He is a geologist and is a bank of knowledge but he does not believe investing in SMALL public O&G company's-now thats not to say that I have not made money on some -I have but when the company tells you they may need to sell shares for money, they are not doing well.I too see oil going balistic this summer but the reason I believe it is because I talk to on the ground people all the time and I see the drilling here in west Texas getting close to where it was before this last crash in oil prices-service company's are gearing up and buying new equipment from the forecasts of their customers-this is in my area only -I do not know how the rest of the country is doing other than the weekly rig counts-Texas has fared much better than most of the U.S during this economic crash. some Oil stocks will blow this summer imo --which ones is the question FWIW

Smarter is not the problem on these public forums
Its common sense that seems to be so elusive

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.