Dateline: Gaithersburg 9/22/5
Good news! Rita has been downgraded to a Category 4 Storm, and has turned a bit East. We're still going to have higher gas prices for a while. And, natural gas heating will go up from last year anywhere from 50% to double the cost. What cost $6.00 (per billion cubic feet) is today being priced at $13.00 (per billion cubic feet). Stock prices will drop after the storm on both oil and natural gas stocks (UPL and CHK, both up big yesterday are natural gas plays).
Good oil stocks for the future? First, the refiner, Volero (VLO). These guys can buy the nastiest, most sulfer laden crude and make things like gasoline out of it. Cheapest crude to make the same gasoline. Bigger profit margins. Investors call this a receipe for success. Couple that with the fact that one quarter of the refining capacity in the United States will be shut down this weekend. Then we see how much damage was done> Next, find the crews and get them back to the plant. And on and on. We'll see $4.00 gasoline and outages soon, but it won't last. Marathon Oil (MRO), Exxon Mobile (XOM). And remember, you still have to diversify!! Not diversifying is shooting oneself in the foot. Think about United Health (UNH).
The insurance companies will tend to rise *after* the storm. These are the same guys advertising about having dedicated people rushing to the destroyed area. Our heros. So far, Mississippi and Alabama are suing five insurance companies for trying to get their insurees to sign waivers saying that there property was destroyed by floods and not high winds. Say what? Insurance companies do not insure against floods, the Federal govt. does. We will wait and see.
I sent another donation to the Humane Society and sent an email hoping that the next rescue effort is more successfull, and that they have cat food along with the dog food, and 'appropriate' medications.
Think about starting an emergency fund. Three to six months expenses. More later! My cat insists I come take care of her, and Holmes knows her role as "She Who Must Be Obeyed!"
Monty
Good oil stocks for the future? First, the refiner, Volero (VLO). These guys can buy the nastiest, most sulfer laden crude and make things like gasoline out of it. Cheapest crude to make the same gasoline. Bigger profit margins. Investors call this a receipe for success. Couple that with the fact that one quarter of the refining capacity in the United States will be shut down this weekend. Then we see how much damage was done> Next, find the crews and get them back to the plant. And on and on. We'll see $4.00 gasoline and outages soon, but it won't last. Marathon Oil (MRO), Exxon Mobile (XOM). And remember, you still have to diversify!! Not diversifying is shooting oneself in the foot. Think about United Health (UNH).
The insurance companies will tend to rise *after* the storm. These are the same guys advertising about having dedicated people rushing to the destroyed area. Our heros. So far, Mississippi and Alabama are suing five insurance companies for trying to get their insurees to sign waivers saying that there property was destroyed by floods and not high winds. Say what? Insurance companies do not insure against floods, the Federal govt. does. We will wait and see.
I sent another donation to the Humane Society and sent an email hoping that the next rescue effort is more successfull, and that they have cat food along with the dog food, and 'appropriate' medications.
Think about starting an emergency fund. Three to six months expenses. More later! My cat insists I come take care of her, and Holmes knows her role as "She Who Must Be Obeyed!"
Monty
posted by Miss_Vicki at 10:40 AM
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