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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject4/22/2001 3:28:58 AM
From: rupers   of 37746
 
Just a long recommendation for those looking for something relatively "safe" as a long:

Phillips Petroleum (P), after the April 20 news (Alaska State House of Reps' thumbs down on shorter gas line route) settles in and perhaps knocks the price ($ 57.27) down a bit. Phillips is substantially undervalued compared to its "peers" and, with likely acquisition of Tosco, will be up there with the big boys like Exxon, BP, etc. I think you see Phillips near 70 in mid to late summer.
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