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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject6/3/2001 4:20:51 PM
From: doubtit   of 6873
 
Dale Baker - FTO

The article in Barron's was about FTO. DJ posted a correction on Monday.

Take a close look at the article. The closing price for FTO was $11.5 when the article was written.

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In the US it takes 5 years to build a refinery that can turn oil into gas. I am a NOVICE when it comes to the oil refinery business, but the possibility of $1 per month earnings and NO new refinerys coming on line in the next five years should limit the downside risk here.

I think I've read (will look for the link) that FTO could be aquired for a STIFF discount to the cost of building a 150,000 barrel per day refinery?

biz.yahoo.com
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