Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (43272)	12/14/2003 10:09:17 PM
From: TobagoJack	of 74559

Hello Pezz, Report: I purchased two dollops of an eventual four of Woodside Petroleum uk.finance.yahoo.com at AUD 14.2792/shr. They are woodside.com.au and will be supplying China with LNG out of Australia. I also doubled my share positions in the following: (a) China National Offshore finance.yahoo.com at HKD 17.25/shr (b) Petro China finance.yahoo.com at HKD 3.475/shr (c) Sinopec finance.yahoo.com at HKD 2.80/shr, and (d) Yanzhou Coal finance.yahoo.com at HKD 7.95/shr My reasoning is simple, commodity inflation is on full steam in China. The Chinese oil companies will benefit because they buy from overseas and sell in China (keep price high), especially good if Iraq production causes world oil price to decline; and if not, commodity inflation is on in any case. The shares are all supported to varying degrees by dividends. Chugs, Jay

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