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Politics : High Tolerance Plasticity

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To: Ken Robbins who wrote (3551)	4/18/2001 4:28:31 PM
From: energyplay	of 23153

Money ran over to the Nasdaq yard to play. Mr. Greenspan was providing free ice cream. More seriously, energy stocks have been doing well for the past 4 or 5 trading sessions. Re: OXY - Why not loved ? 1. Some people don't like OXY's CEO because of his compensation (See Yahoo board for more info) 2. Columbian pipeline (big part of revenue) keeps blowing up - about once a week. At least 2 flavors of Marxist guerillas at work - one group of which met with Frank Zarb, head of Nasdaq. (They want a listing ?) 3. Some concern about reserves at Kettleman Hills and decline rates. 4. Possible hangover from OXY's past CEO, Mr. Armand Hammer. I figure since part of Wall Street HATES OXY, they can't hate it more - If Wall Street moves to just strong dislike, the P/E should got to 8 - that would put OXY at $44

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