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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (5303)12/13/2001 1:45:05 PM
From: jim black  Read Replies (2) of 36161
 
Frank, I commiserate with you on your Tesco. I bought in on some Alberta Energy at ~18% above where
it is now and it just keeps sliding down. Only reason I keep holding on and this may of course be stupid rationalization is the very palpable fear of sudden escalation in ME with cutoff of oil supply, making asset rich
AOG (AEC.Tor) a prime takeover target. I keep looking and cannot find anything else that looks like a
reasonable safety hedge, albeit a small one, against that particular permutation of disaster.
Some of the talk here today of fear-mongering against Slider seems almost comical. Hello, wake up, America.
Been watching that G*******D arab bin-F***head bragging on that tape, realizing anew the real danger we have been in for years and only now beginning to wake up, this being only a side-bar to the longterm economic
credit-debt debacle we are headed into. Being one of those in near retirement years I take issue only with Slider's
sense that my fellows will get what they deserve. It is an American thing to trust our leaders and I feel sorry for 'em.
I concur with your advice about limiting a position in a particular stock but cannot find anything more attractive
now than Franco-Nevada and Goldcorp. I am a nervous ninny when I see a company's balance sheet not showing profit. Probably need therapy for that one with respect to GLG and AEM (vbg).
Outstanding dialogues last couple of days.
jim black
PS: any compelling suggestions on energy sector insurance besides my loser AOG so far? I am open to suggestions.
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