Forum Replies Created
Exxon Mobil breaks its own profits records
http://www.chron.com/disp/story.mpl/headline/biz/5505076.html
This is a thorny area most, if not all of us, post under a pseudonym, so if we make a potentially libellous statement it may be possible for the person being libelled to seek redress from the website and not the poster.
oneplumber wrote:I heard on ABC radio that it takes 300mils of oil to make a 1 litre plastic water bottle so we can drink more conveniently.Did you know how harmful the water in that bottle is ?
bardon wrote:Good to see natural justice in playAnd even better to see further natural justice in play and not degenerating into a slanging match
How many times do we come to a conclusion without hearing both sides of the story ?
Shell net profit rises a mere 60 per centhttp://news.smh.com.au/shell-net-profit-ri…80131-1pbt.html
Good to see natural justice in play
Thanks Tysonboss fully agree with your assessment and I know the industry very very well. QGC I was out there two weeks ago. Arrow Energy shares have taken a big dive recently so might be good buying except I know people that work for them and they tell me things that scare me.
Moomba is diminshing but still producing, they are also developing many csm gas wells in western QLD and might be a good buy before they get taken over.
ALso there will be a gas shortge in the eastern sates in 2012 the PNG to QLD Gas pipeline was to overcome this and it has been cancelled.
I still want the uranium though as a bit of diversification and the poms have just signed off on a nuclear powered future.
dreaming wrote:IMeantime it looks like the share market is in for a rough ride over the next year or two, this might intise investors back to property. BOOM.
A friend of mine got a sudden case of "loose bowel syndrome" during the bear market last week. He had just chucked 350k into super that was all on the ASX, he was in a real panic and I could feel the fear oozing out of the phone.. he was trying to find a broker quickly to sell up and couldn't so he didn't. Then he realised that it ws best for him to ride it out and asked why others are selling I told him that some of them might be margin calls and explained to him what that was.
He then talked about his property portfolio and asked me how I felt about mine for which I feel okay about then he went on a big downer about a 1.6mill Off The Plan deal he committed to and he had a premonition of it suddenly being worth a lot less very quickly that is where we left it at.
The point is there is a lot of money flying around with invetsors that are not that savy and very flighty. He is a wealthy person and losing a motza wouldn't hurt him but just imagine his premonition came true and others caught the dreaded fear trip all at the same time…..
with respect to the property question my comfort zone was in holding houses that are entry level the luxury ones sounded very risky in those panicked moments.
This was the first panic episode I have witnessed here in oz.
Yes I must correct my statement I indicated that John was a bear but should have said a bull with respect to market direction. Well anyway that what he said rightly or wrongly.
In 2008, we’re going to hit an important milestone: This year is when the world is going to start using oil at a rate of more than 1,000 barrels PER SECOND.
According to the International Energy Agency (IEA), global oil demand will average 87.8 million barrels per day (bpd) in 2008, up from 85.7 million bpd in 2007. At 87.8 million bpd, we’ll use 1,016 barrels per second — a sonic boom of energy use.
Forgot to add to investment strategy:
identify and invest in small under capitalised uranium developers,
does anyone know of any ?
omitted to add this to last post
http://www.news.com.au/couriermail/story/0,23739,23118018-3102,00.html
Its been a long lazy weekend and given last weeks bear market I am racking my brains working out where to invest my spare equity and the more I think about the more sense it makes to go for the black gold. At least I have convinced myself coupled with the fact that my comapny are setting up in Abu Dahbi this year it has to be the best shot.
The Shell CEO Jeroen van der Veer says that 2015 will be the year that supply will not keep up with demand in an email to employees.
Yes who knows when peak oil will happen or if it already has but one thing is for sure demand is growing by the day eg:
India has currently four cars for every 1000 adults opposed to say the US which has 1000 cars for every 1000 adults. The Indian govt is actively promoting car ownership and hopes to quadruple sales by 2016 not bad consdiering there is 1.1 billion of them now. Now we have the super cheap Tato Nano Indian sedan that will cost just US $ 2500 on the road it looks like the govt target will be welll and truly exceeded.
Chinese drivers aint sitting on their hands either with 14000 new cars on the raod every day.
Mexico one of the US biggest suppliers of oil is plauged with bad news production fell 8.2% last year and will keep falling at 10% a year.
Dont believe the western propoganda hype that OPEC are controlling prices its well known that they cheat the restrictions and sell as much as they can why wouldn't they with increasing prices. The UAE is planning to double its production in the next 5 years and thats big.
This rising demand should see an ever increasing price of oil per barrel and as production cost at less than 30 a barrel is not increasing commensurate with selling prices.
How can we exploit this situation, eg:
– invest in up and coming oil companies that are finding more oil than they pump ie growing reserves and strong profits;
– invest in one of the Canadian oil from sands company that have very lean production costs;
-`invest in some of the companies that are selling oil field equipment to exploration and production companies; and last but not least
– buy a strecthed Hummer with high running costs offset by your increasing oil portfolio and splash out on a strecthed hummer reunion party when oil hits 200 a barrel.
At least the theory stacks up, yes?
Woodside might be a good safe buy as well.
foundation wrote:Believe me, Australia is not that different from Amsterdam.This statement I would disagree with.
I used to go to the "Dam" in my youth admittedly not to buy houses back then it was the most liberal country in Europe and had the least laws. The coffee shops were awesome and they had many products that were in high demand, night club scene was very good as well, the flight was about 30mins to get there we used to go there for long weekends it was also a good venue for bucks parties to.
The dutch soccer hooligans were also of a very high calibre and they were the only ones that could take on the pommie hooligans made excellent viewing and the build up was a major inspiration as well.
Ah the good old days.
If you look at the middle chart you could put a straight line through the AUS peaks since 1950 (ignoring the bad part) and therefore would expect eaca peak to be higher in value, if you go for the duration (include the bad part) it does not paint a good picture and I should sell up now at the lofty heights we are in. Maybe its diffrent this time (ha ha) and since the 50's we have had not only debt growth, stronger population growth, growing disposbale incomes and a growing intention to invest in property for wealth creation ?. Yes this corelates with debt growth and there is now a question mark on this continuing in the short term. But already there are new players entering the finance markets in US and UK its early days I know and there is creaatinly a good chance that the prices of houses in oz might not go up but with the shortage of supply they shouldn't go down either ?
I watch the US closely and I cant make up my mind who is responsible for the current mess is it a case of irresponsible lending or irresponsible borrowing?
The guys doing the lending have made good money done the deal and the borrowwers were not under duress when the ysigned up is this wrong ? Sure they have packaged them up and on sold but again is that wrong? buyer beware including those buying sliced and diced debt packages.
Wtaching sky buisness last night and there is a US talkabck show and this lady came on she has a few properties she thought there combined income was going to be 210 a yer it was 160 and next year it will be 110 she is selling and dropping price to such an extent tht she will be in negative equity. Who is wrong here the lender or the borrower ?
Dont you just love the US. this is my current favourtite viewing
https://www.propertyinvesting.com/forums/property-investing/overseas-deals/4323497
Also back the oz chart John Edwards of Residex the Koala Bear says the the average yield during that flat period in the early 1900's was 25 %, so if we dont get capital growth we will get income growth so its okay eh then right ?
bought houses in the US now out very expensive learning curve
crj wrote:I would be concerned about the appropriateness of making allegations like "he believes he was paid over $30,000 commission" on a public forum.
It aint illegal to receive a commission, in QLD it is disclosed on the purchasing documents
FRIENDS of rogue trader Jerome Kerviel last night blamed his $7 billion losses on unbearable levels of stress brought on by a punishing 30 hour week.Kerviel hid his November losses in a batch of wonderfully fresh croissantKerviel was known to start work as early as nine in the morning and still be at his desk at five or even five-thirty, often with just an hour and a half for lunch.
One colleague said: "He was, how you say, une workaholique. I have a family and a mistress so I would leave the office at around 2pm at the latest, if I wasn't on strike.
"But Jerome was tied to that desk. One day I came back to the office at 3pm because I had forgotten my stupid little hat, and there he was, fast asleep on the photocopier.
"At first I assumed he had been having sex with it, but then I remembered he'd been working for almost six hours."
As the losses mounted, Kerviel tried to conceal his bad trades by covering them with an intense red wine sauce, later switching to delicate pastry horns.
At one point he managed to dispose of dozens of transactions by hiding them inside vol-au-vent cases and staging a fake reception.
Last night a spokesman for Sócíété Générálé denied that Kerviel was overworked, insisting he lost the money after betting that the French were about to stop being rude, lazy, arrogant ba……..s.
Well the guys that do the research for ANZ (admittedly a Vested Interest in talking the market up) dont see to many strom clouds on the horizon for property investors in fact quite the opposite storm clouds for renters in the next few years as they aint building enough new houses
