Re: Picks & Shovels..ebear
in response to
by
posted on
Apr 11, 2008 02:30PM
The company whose shareholders were better than its management
ebear...
Aru has also been a stock I stumbled onto a couple of years ago and while doing my DD I found that they had somthing that I hadn't seen before. I plan on playing ARU out at least to the buyout ( assuming it gets bought-out). If it doesn't get bought out and MGT decides to develop it alone or ( heaven forbid) in a JV with a major ...I will have to re-evaluate my position.
I agree with you that oil is here to stay...at least in the rest of my lifetime...and you are right on with the ancillary services.
I tried the Uranium play some last year but got out before the "Sell in May" annual stock collapse ....thank God I did as the big "U" has been a real dog for the last year!!
I think I will look into the drillers as you mentioned.....I also think there is something to this Bakken Oil play also...but I am sticking with the Cresent Point there with my spec eye on Painted Pony ( I think it is a little pricey though)
All JMHO