peak oil

volatile but only within a few points. A good day trade stock.

I like Petrobras (PBR), Occidental Petroleum (OXY) and Suncor (SU), adds Steve Grasso. If oil goes higher those stocks should go higher, too.

Great future

The shares have plunged nearly 70% to a recent 25. But if crude climbs to $70 a barrel, they could rise to the high 30s.

Requirement for domestic energy

Many of these stocks last week rallied on the hopes of a new wave of consolidation, kicked off by the purchase of Petro-Canada (PCZ) by Suncor (SU). I am dubious at the prospects of mergers in the big American natural gas players mostly because of the dominant personalities of the people who run these companies.

I think that a deal like Suncor (SU) and Petro-Canada (PCZ) is great for the oils. It makes me recognize that there is value here in the group. I also believe the demand is real.

Too many good things are happening for me to be worried about anything but the overbought nature of the market. The uniform nature of everyone saying this is a bear market rally encourages me to think that it isn't. You can't have people worried about inflation right now without believing that we are going to end deflation. We know from this period that deflation is real difficult to combat. It is the real reason why there isn't any lending going on. You lose when you loan.
If we knew assets were going to appreciate in value, even as we know Ben Bernanke has the ability to raise rates and slow it all down if necessary, then the banks would be thrilled to loan and private capital would be thrilled to borrow to get long.
I regard all of the inflation chatter as good news, as I regard the weak-dollar chatter as good news.
I think we are poised to see money coming in and companies merge -- the Suncor (SU)-Petro-Canada (PCZ) deal is not in a vacuum -- and I think we are about to have a bit of a short squeeze that will be perceived again as a bear market rally as it occurs.
Ultimately, you can monitor this one easily: Citigroup (C), Bank of America (BAC), Wells Fargo (WFC), Morgan Stanley (MS) and JPMorgan Chase (JPM) will give you the temperature of the situation.
I think they are the signs that it is not a rally in a bear market. It is simply a rally of great significance, because things are getting better, not worse. Hence why we are overbought to begin with, even as many, many stocks are not overbought because of the intense selling pressure that was exhibited on the weak-dollar stocks. You can have many stocks rally even as the oscillator becomes less overbought, simply because lots of stocks are way, way down from where they were even as a broader rally occurred.
This kind of action is what happens at bottoms, not tops. That's what happened in the past, although obviously the economy is much worse than in the past. But remember, the retracement back to the 6300 level on the Dow represented a 57% decline in the market, representing the second-worst bear market in history.
Hard to have the worst ever, given that the Great Depression was the reason for that one, and I still think that the depression we are in, the garden-variety one that began after Lehman Brothers failed, isn't worth an 85% decline in the averages.

The long term energy consumption growth has not changed. The economy will improve, inflation will reappear and the Tar Sands up north will continue to flow south to the U.S.A. Obama's energy policies will make the U.S more dependent on Canadian Tar Sands. Accumulate while you can.

to leveraged. to the oil sands.

need to wait fopr oil to rise

lower lows

The capex costs required for added production is way too high at this time leaving a rather after tax IRR. Santos Basin plays are preferred.

Actually I hate myself as I gave up on this in the $30 range.
Spike Kaminski from Nueberger was dead on right!

I always seem to miss with this one too