posted
FPPL/PGPM down today - oil down IMO - but the over all trend in oil is up and is not going back down to 30-40 it is going to stay up and the need for US Based exploration especially given our dependence on unfriendly foreigners is not going to change - FPPL has valuable leases that XOM could not get - CVX and Shell are still in the running - big oil / big opportunitiy / FPPL is very much in the game
Posts: 268 | From: New York | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by birches: FPPL/PGPM down today - oil down IMO - but the over all trend in oil is up and is not going back down to 30-40 it is going to stay up and the need for US Based exploration especially given our dependence on unfriendly foreigners is not going to change - FPPL has valuable leases that XOM could not get - CVX and Shell are still in the running - big oil / big opportunitiy / FPPL is very much in the game
This is the time to buy these stocks, when it is down. These are good, cheap plays at these levels.
Posts: 4381 | From: houston | Registered: Mar 2006
| IP: Logged |