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awallejr (60.10)

August 2009



LGDI mining worth a look

August 29, 2009 – Comments (16)

I mentioned this stock in another thread but I like it enough to post a separate blog.  Basically this is an Australian mining stock that is starting up as mainly phosphate rock mining to use as fertilizer. This is basically a 4-5 year hold.  The mines are in place. The permits are being issued.  The transportation is in line.  The company expects to start producing 500,000 tonnes and to expand ultimately to 5 million tonnes.  Here is the link to the company's homepage:  [more]



Oil over $73 and climbing?

August 21, 2009 – Comments (1) | RELATED TICKERS: ATPAQ.DL , BP

$73 has been a resistance number for awhile for Oil and it looks like it is crashing through that today.  I don't know if it is just contract expiration related or sustainable price growth, but it will probably mean a good day for oil stocks today.  An interesting article worth reading (of course just one person's view) :  [more]




August 12, 2009 – Comments (6) | RELATED TICKERS: ATPAQ.DL , BP

My 2 biggest oil holdings in real life are BP (mainly for the yield) and ATPG (mainly for the potential appreciation).  I have advised people to accumulate this stock in the past, and recently advised to continue to do so if under $8.  For those actually interested in this stock here is an informative link:  [more]



Options 101

August 10, 2009 – Comments (6)

This post really is for Seano67 upon request from a different thread.  Everyone, however, is welcome to join.  The sole purpose of this thread is to give some basic option strategies for casual investors.  It is by no means definitive.  Simply, simple.  [more]



Oil over $70 again

August 03, 2009 – Comments (8) | RELATED TICKERS: BP , ATPAQ.DL

I really didn't expect oil to pop over $70 again after July 4th for awhile.  I was expecting an oil range upper 50s lower to mid 60s until end of the year.  This run up confuses me to be honest.  I am starting to think that oil is being held more as an asset than a product.  If it stays above $70 this can only but maintain a bullish signal.  I would continue to urge integrateds like BP as buys, and even a company like ATPG, which will only but benefit with any sustained "high" price, especially when their Telemark hub opens up.  Take a look at it.  [more]

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