Re: Ian's question
in response to
by
posted on
Oct 27, 2007 01:37PM
Engineering, procurement, construction & management of crude oil refineries.
You wanted comments. My comments: I would be very scared for the economy in general and my whole portfolio but very glad that I would still be holding part of my WWF at the time (ie. 3 years). I plan to hold part of my holdings in this stock for a very, very long time. I don't have that many years until retirement and this stock could make the difference between being comfortable and affluent. (Who knows!) Maybe something to pass on to the grandkids (don't have any yet).
Regards
Goldfingers11
======================
Okay, so if we have $120 oil in a couple of years or less. What does that do to a share price of WWF with their assets in the works ? What does that good will that Mr. Foley apparently seems to have been building with NOC for quite a while, be worth ? What does the addition of one refinery, never mind 2 or 3 mean to the value of a Canadian junior ? Does this start to show you why MRS is forensiclly auditing every digit and every symbol on their NR's ? Is it that hard to think ahead and extrapolate, future net value (near future even), based on one refinery in an under-capacited area of the world for refinery infrastructure, while new discoveries (no matter how small or big) keep on coming ? If you all think that we are in economic upheaval, wait about 36 months or less and wtch as the prediction of $200 barrel of oil comes to fruition. In the meantime read "TWILIGHT IN THE DESERT"......by then you should have moved you millions in to emerging fuels markets. Just my opinions.
Have a great day......