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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (29385)	5/13/2008 12:39:15 PM
From: E_K_S	of 78673

Peeled off a few shares of my OXY (hit an all time high today) and put the proceeds into PBR (recently split and is also trading at an all time high). Brazil's Petrobras quarterly profit soars 68 pct reuters.com PBR's reserves are growing and over the longer term should generate higher profits than OXY. OXY does pay a much higher dividend. With this reallocation, I now have an equal weight in PBR and OXY. My long term strategy is to eventually peel off shares of my other integrated oil companies and am looking to build my position in PBR. OXY has been an excellent portfolio performer. My last buy was in 1997 with an adjusted cost of $12.75/share which is up almost 700% in 11 years. EKS

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