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  - What Now?
at 2006-02-26 00:45:14

We have had a nice snapback rally in some of our energy stocks. I take comfort in owning these companies given the supply and demand issues facing the world. This is not to say that some manipulation will not happen.

If you remember, just prior to Election Day 2004, oil prices miraculously pulled back giving voters a false sense of security and after the election prices mysteriously to


Source - http://www.johnmugarian.com/archives/2006/02/what_now.html

  - Big Move in BSX
at 2006-02-26 00:45:14

Shares of Boston Scientific (BSX) are up $1.70 or 7.45% today after several analysts issued positive reports on the company.

Oddly, and with perfect timing, a company director bought 15,000 shares on Monday, February 13th at $21.88, and the CFO bought 200,000 shares yesterday at $22.38-22.48. What great timing.

We all know how honest corporate America is, I'm sure they had no id


Source - http://www.johnmugarian.com/archives/2006/02/big_move_in_bsx.html

  - Morgan Stanley Raises Oil Price Forecast
at 2006-02-26 00:45:14

Doug Terreson at Morgan Stanley has raised his oil prices forecasts for 2006 and 2007:

Maintain Overweight Integrated Oils and R&M:
Integrated Oils appear 15% undervalued based on normalized returns on capital. Independent R&M represents the best value per unit of return in Energy.

il Price Forecasts for 2006 and 2007:
We have increased our projection for p


Source - http://www.johnmugarian.com/archives/2006/02/morgan_stanley_raises_oil_price_for...

  - Bernanke: I like this Guy!
at 2006-02-26 00:45:14

New Fed Chairman Ben Bernanke has made more sense in one hour than Alan Greenspan did during his entire tenure on the Federal Reserve Board. The thing I like about this guy is he seems to be a straight shooter.

Bernanke made comments on oil prices, and those comments have yet to hit any news wire. He basically said that oil prices will remain high for quite some time, and prices need to


Source - http://www.johnmugarian.com/archives/2006/02/bernanke_i_like_this_guy.html

  - The Whipsaw Continues
at 2006-02-26 00:45:14

The sharp correction in the energy sector continues as Crude continued to slide lower in fears of a supply glut. Sharp corrections are nothing new in this sector after reviewing the iShares Goldman Sachs Natural Resources Sector (IGE) ETF.

The 3 previous corrections in the GS (IGE) show corrections of -32.1%, -16%, and -15.6% respectively. The current correction in the fund has taken t


Source - http://www.johnmugarian.com/archives/2006/02/the_whipsaw_continues.html

   
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