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Old 06-19-2010, 12:41 PM
 
Location: Warwick, RI
5,481 posts, read 6,314,772 times
Reputation: 9549

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Quote:
I'm sure that's on his mind. The goal is $7 per gallon. The increase is not for the benefit of big oil.
Oh, that's for sure. It's for your heros - big, bloated, inefficient, and incompetent governement, isn't it? You guys really crack me up. Big oil, big tobacco, big Wall Street banks - don't you guys get it? All of these big, bad menacing industries are rank amateurs compared to your pals down in DC. When it comes to greed, corruption and incompetence, DC is the center of the universe. And you brownshirts are all to blind to see that because they do such a good job of scapegoating the others that it takes all the glare off of them. At least BP and Wall Street create jobs, which Obama can't seem to manage to do even with all the billions of stimulus and bailouts dollars in the world.

Anyway, I see CVX and RDS as good plays right now, but I like XOM better. BP not so much right now.
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Old 06-19-2010, 01:12 PM
 
Location: Houston, TX
17,029 posts, read 30,937,594 times
Reputation: 16265
I'm long COP, its been up 10% in the last week or so.
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Old 06-19-2010, 02:53 PM
 
Location: State of Superior
8,733 posts, read 15,946,946 times
Reputation: 2869
Quote:
Originally Posted by treasurekidd View Post
Oh, that's for sure. It's for your heros - big, bloated, inefficient, and incompetent governement, isn't it? You guys really crack me up. Big oil, big tobacco, big Wall Street banks - don't you guys get it? All of these big, bad menacing industries are rank amateurs compared to your pals down in DC. When it comes to greed, corruption and incompetence, DC is the center of the universe. And you brownshirts are all to blind to see that because they do such a good job of scapegoating the others that it takes all the glare off of them. At least BP and Wall Street create jobs, which Obama can't seem to manage to do even with all the billions of stimulus and bailouts dollars in the world.

Anyway, I see CVX and RDS as good plays right now, but I like XOM better. BP not so much right now.
Governments role should be to create a level playing field, so, you too can someday, become ...too big to fail. There was a reason the monoplies were broken up so long ago. Its time to do it again.
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Old 06-19-2010, 03:55 PM
 
Location: Socialist Republik of Amerika
6,205 posts, read 12,866,605 times
Reputation: 1114
Quote:
Originally Posted by treasurekidd View Post
Oh, that's for sure. It's for your heros - big, bloated, inefficient, and incompetent governement, isn't it?
My Hero's? Are you kidding me. I'm just stating what this commander and cheat is going to do to this country. I'm for clean locally produced energy, not for Gov't tyranny on the free market lovers of this country.
Big oil is not free market, neither is Goldman sucks or JiP you Morgan. The Gov't is infiltrated with these ANti American Anti Free Marketer, stack the deck in their favor morons.

Quote:
They TheyYou guys really crack me up. Big oil, big tobacco, big Wall Street banks - don't you guys get it? All of these big, bad menacing industries are rank amateurs compared to your pals down in DC.
They are in bed with eachother. It is a corrupt gov't under the control of corrupt anti free market corporations. The great Sin in business is competing to destroy, rather than a healthy constant improvement type of competition.

It's not fair competition when BIG Banks control our wallets and those of the generations to come. It's called a desire for Oligarchy, ultimate control, mass power and greed.

Quote:
When it comes to greed, corruption and incompetence, DC is the center of the universe. And you brownshirts are all to blind to see that because they do such a good job of scapegoating the others that it takes all the glare off of them. At least BP and Wall Street create jobs, which Obama can't seem to manage to do even with all the billions of stimulus and bailouts dollars in the world.

Anyway, I see CVX and RDS as good plays right now, but I like XOM better. BP not so much right now.
Who do you think is corrupting them. Have you ever seen a list of the too Big to fail political machines. Not pretty.
They act like they are against eachother, all the while empowering eachother against the middle class. BP is the European wing of the great globalist agenda.
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Old 06-19-2010, 08:27 PM
 
Location: Warwick, RI
5,481 posts, read 6,314,772 times
Reputation: 9549
Barrons put out a very favorable article on XOM today, and gave it a $90 per share intrinsic value. I'm liking this one more and more!
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Old 06-19-2010, 11:03 PM
 
12,017 posts, read 14,339,875 times
Reputation: 5981
Quote:
Originally Posted by treasurekidd View Post
Barrons put out a very favorable article on XOM today, and gave it a $90 per share intrinsic value. I'm liking this one more and more!
S&P has a target price around $87 or so IIRC
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Old 06-20-2010, 12:31 AM
 
Location: Wherever women are
19,012 posts, read 29,734,289 times
Reputation: 11309
Isn't XOM buying XTO and finishing the deal this month?
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Old 06-20-2010, 09:36 AM
 
Location: Warwick, RI
5,481 posts, read 6,314,772 times
Reputation: 9549
Quote:
Isn't XOM buying XTO and finishing the deal this month?
Yes, that is correct. The Barrons article claims that part of the reason that XOM shares are depressed is that Wall Street is frowning on this deal because it's an all stock deal. If true, it created a nice buying opportunity, so so much the better for me.
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Old 06-21-2010, 02:25 PM
 
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,789,849 times
Reputation: 7185
Quote:
Originally Posted by darstar View Post
Governments role should be to create a level playing field, so, you too can someday, become ...too big to fail. There was a reason the monoplies were broken up so long ago. Its time to do it again.
Breaking up Standard Oil turned out to be a boondoggle. It didn't change much of anything and wound up making the principal shareholders a lot of money. Hey, at least the Roosevelt administration could say that they really did something, right?

Regional markets actually had better prices for consumers under Standard because the company was so large and so efficient that it could make money at price points that made start-ups and mom&pops uneconomic.

It is interesting that the entities created by the division of the Standard Oil trust have slowly been re-assembling.
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Old 06-21-2010, 03:32 PM
 
Location: State of Superior
8,733 posts, read 15,946,946 times
Reputation: 2869
Quote:
Originally Posted by jimboburnsy View Post
Breaking up Standard Oil turned out to be a boondoggle. It didn't change much of anything and wound up making the principal shareholders a lot of money. Hey, at least the Roosevelt administration could say that they really did something, right?

Regional markets actually had better prices for consumers under Standard because the company was so large and so efficient that it could make money at price points that made start-ups and mom&pops uneconomic.

It is interesting that the entities created by the division of the Standard Oil trust have slowly been re-assembling.
That was my point. Telephone companies also.... The problem with closed entry regulation was over time, that the companies became so entrenched with the system, the Government, that no new start ups could enter the market. The prices were also controled infavor of the big guys who were inbed with the regulators. Regulation is fine, in the begining. Needs to be revisited every frw years, along with the giants that prosper from it.
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