Outlook for Resources

[Lucstar]

What's your opinion on the resource stocks for both short and long term? I'm particulary interesting in your personal opinions on BHP, RIO, HDR, WMR, WPL STO or AWC

 

[Bingo]

What's your opinion on the resource stocks for both short and long term? I'm particulary interesting in your personal opinions on BHP, RIO, HDR, WMR, WPL STO or AWC

I believe that the resouces sector has great long term prospects. I cannot give individual recommendations, however, I can say that I have reduced my bank stock holdings and am investing in WMR and AWC and looking hard at RIO and STO.

Bingo

 

[stefan]

I like HDR and since I got in at 1.91 I'm very pleased with today's move. There is some risk involved with their drilling program but the potential is rather nice. It may look a bit expensive now but if the drilling is successful then this could be a very nice hold for a few months.

Overall ressources are in for a nice smooth ride if everything continues this way. China will probably just increase its demand for more coal, oil, aluminium, iron and gas. I can't see them slowing down much, even if they may wish to do so.

BHP is already pretty high and some profit taking could take place soon.

Happy trading

Stefan

 

[brerwallabi]

Even if China scales back,(remember the worlds fasting growing economy) there will still be considerable demand for our resources and it seems for a lot of metals that there might be a bit of a shortage due to the fact that demand will exceed supply till some additional new mines come into production. I am holding a fair bit of cash right now and will continue to search for some good resource stocks at the momment I hold NMC,CBH AND PEM a bit specky.
STO looks good though went through a bit with that fire at Moomba and looks now that its finally coming back and possibly might go through $8.00 if it continues its upward trend. You just missed the divvy on it though.
STO looks very tempting.
Good luck .

 

[markor]

Hi All,

I noticed HDR about a week ago and knew that Woodside was going pretty well, so I bought some at 2.12. I am Pleased with todays move too

I have had my eye on ORG for the past 2 years ever since I had to do a project on them at uni!
Anyway glad I found this site.

Markor

 

[RichKid]

Hi there,

I can't make any recommendations but I hold HDR (see the other thread on HDR). There's the HDRWMI warrants for more leverage (and risk) as well, they expire around Christmas.

RichKid

 

[still_in_school]

Hi Guys,

With Resources being in the spotlight, and Oil prices, having a pullback...

Woodside Petroleum - appears to be trend channeling...

With the Technical Charts below, WPL is looking very attractive, as a Long Option Position.

****

though fundamentally, with the issues of Oil Prices, could this have any significant effect on WPL share price, dropping in value, due to Oil Prices coming off?

Cheers,
sis

 

[still_in_school]

WPL - Charting Time Frame (06 August - to Present)