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Politics : Ask Michael Burke
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To: The Perfect Hedge who wrote (25278)1/5/1998 4:17:00 PM
From: Knighty Tin   of 132070
 
GD, As I've said in previous notes, I was long the drillers early last year and turned negative this summer. I like them better now, but still prefer the producers. With deflation almost a certainty, the demand for equipment will decline. But if you can produce cheaply, you still have a source of profit. And Plains Resources is the cheapest producer I know. MB
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