Time to buy into oil

Been thinking lately of buying back into energy, and with luck hitch a
ride on another slingshot. Watched an education oriented show sometime
ago that paralleled this article. Thought it an eye-opening
presentation, even if somewhat ironic. The programme left the distinct
impression U.S. marketing accounted substaintially for a more
advantaged Brazilian energy affair, than does this abbreviated Reuters
report. Maybe I'm just being patriotic. I was also reading averages
spent on aftermarket sector - ACE, PepBoys, National Auto, AutoZone,
etc. - to spiff up an imagery, which wasn't at all insubstantial.
Americans like to be seen at their finest. Last I heard in parts of
Europe, if an American were to show in the indoctrinated imagery of
commercials, and park it on their curbsides, they're apt to spit on it.
Oh, well - when in Rome . . . may visit the coliseum to see if I can
make something wagering off Mr. and Mrs. SUV/Hummer's consciousness
while prices remain close to $2gal. Doubt anyone will be looking
closely at beets over the course of this year.

>SAO PAULO, Brazil, Jan 2 (Reuters) - Brazilian posted record sales of flex-fuel cars, which run on any mix of gasoline or ethanol. The National Auto Manufacturers Association, known as Anfavea, [accounts for] FF car technology launched in early 2003 ... 71 percent of total vehicle sales in December. In December 2004, flex-fuel sales were 29 percent of total vehicle sales. Distilled from sugar cane, at about 60 percent the cost of gasoline. Most major manufacturers such as Volkwagen, Ford Motor Co. and General Motors Corp. have canceled the typical year-end holidays for their local Brazilian work forces to attend to the domestic surge in demand. Italy's Fiat said it led the domestic market in 2005 with 25 percent of all light vehicle sales.

Re: Time to buy into oil

Howdy flash,

I'm planning to add some energy service - either rydex or fido. I've
got enough overall exposure via natural resource fund, plus I own XOM
and KMP taxable.

With prices where they are, it's cost beneficial to explore and drill.
Plus there's always the 'what if' scenario that could cause a real
spike.

good luck and have a great trip,

rono

Re: Time to buy into oil

Owned these variously last year, possibly a TRPrice I'm forgetting and
maybe some ETFs. No stocks, though - ICENX looks a good bobber to
float.



I just can't see gasoline prices going down - where's there's left to
go...

rono wrote:
> Howdy flash,
>
> I'm planning to add some energy service - either rydex or fido. I've
> got enough overall exposure via natural resource fund, plus I own XOM
> and KMP taxable.
>
> With prices where they are, it's cost beneficial to explore and drill.
> Plus there's always the 'what if' scenario that could cause a real
> spike.

Re: Time to buy into oil

rono wrote:

> good luck and have a great trip,

Strange. When I said the day before yesterday I had a whim for energy,
what happens today - I buy into energy and it took off like a rocket,
6% on ICENX. Strange time for a big energy push today off broad
speculation, though even stranger if I'd bought in last Friday in time
to turn today's NAV. Or GG (gold mines I hold) I hardly expected to
see pushing 10% by afternoon -- hope you are as well flush with your
natural reserve holdings, and had as good a day today.

Re: Time to buy into oil

Hey Flash,

Yeppers, yesterday was a good day. ;-) Hell, let's do it again.

What was very nice was that asia, europe, pm's, and energy were all up
huge BEFORE the minutes were released and the stock market took off.
Geez, is this bullish or what. GG is my largest single holdings, but I
also own a slew of minors and non-gold pm's. CDE, PAAS, EGO, MRB, NXG,
WTX, PAL, AUY. Non-pm miners are BHP, RIO and SQM. PM funds include
TGLDX and UNWPX.

However, after all is said and done, it still looks like natural
resources, particularly pm's, metals, and energy service; emerging
mkts, particularly asia; and asia, particularly japan, korea and
india. Yeah, I know about china, but it's hard to play pure. It's
just as easy to play japan and korea and the region as a whole. With
India, I was a virgin buyer of MINDX by Matthews and it's up 14.7%
since it came out in November.

Hey, I took these lades to the prom last year and they were very good
to me, so I'm sticking with them.

I still see a pullback coming stateside after this early year madness,
but that's contingent upon the Fed raising rates at least enough to
slow things down so that by fall they'll have to start cutting. That
could really light the fuse for the end of year rally. And that's when
we might see large cap growth and tech take off.

take care,

rono

Re: Time to buy into oil

rono wrote:
> Yeppers, yesterday was a good day. ;-) Hell, let's do it again.
>
> What was very nice was that asia, europe, pm's, and energy were all up
> huge BEFORE the minutes were released and the stock market took off.
> Geez, is this bullish or what. GG is my largest single holdings, but I
> also own a slew of minors and non-gold pm's. CDE, PAAS, EGO, MRB, NXG,
> WTX, PAL, AUY. Non-pm miners are BHP, RIO and SQM. PM funds include
> TGLDX and UNWPX.

Too volitile, overall, for me - I took profits earlier today, though
see it's about even.

> However, after all is said and done, it still looks like natural
> resources, particularly pm's, metals, and energy service; emerging
> mkts, particularly asia; and asia, particularly japan, korea and
> india. Yeah, I know about china, but it's hard to play pure. It's
> just as easy to play japan and korea and the region as a whole. With
> India, I was a virgin buyer of MINDX by Matthews and it's up 14.7%
> since it came out in November.

Didn't realize Mathews is now in India. I'd earmarked Korea, but only
just recently started playing it. India, I've been interested in
awhile, just didn't get kickstarted. Fair amount of downplay on the
region, but 14.7% speaks for itself (and a probably more for Mathews
aggressive style - bet they're beating the indices). MINDX - thanks -
it'll probably get used, too. May also be looking into a broader West
Europe soon - see a little talk about Germany - not much, probably
token exposure.

> Hey, I took these lades to the prom last year and they were very good
> to me, so I'm sticking with them.
>
> I still see a pullback coming stateside after this early year madness,
> but that's contingent upon the Fed raising rates at least enough to
> slow things down so that by fall they'll have to start cutting. That
> could really light the fuse for the end of year rally. And that's when
> we might see large cap growth and tech take off.

Looks more they're curtailing rates - and I've got the value/growths.
Yes, cutting rates after prolonged raises sounds like it would add a
nice dice of one-eyed queens and jacks.