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Gold/Mining/Energy : Texaco (TX)
TX 38.45+3.3%Dec 22 3:59 PM EST
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To: Terry Lyon who wrote (123)3/18/2000 10:33:00 AM
From: Robert T. Quasius  Read Replies (1) of 143
 
Actually, I think we're past the low and it is all uphill from here. I think TX will reach $75-80 in the next two years, either through stock price appreciation or a buyout.

Of the majors, I like Marathon too. P/E of around 12, yield around 4-1/2%, new CEO hired from Texaco who is strong in the upstream end of the business where Marathon was having problems.

Both TX and MRO have an excellent DRIP plan with no purchase side fees, and I plan to continue building a position with both.
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