Hi Pezz, Tonight’s Report:
The wife and I saw "Bourne Supremacy".
<<oil runs out ,which won't be long>>
... I purchased a bouquet of energy shares as part of asset allocation move. I did so with equal weighting since I do not have a clue of what I am doing; then again, in a bull market, knowledge is a hindrance, and awareness is a waste of time:
Pioneer Natural Resources uk.finance.yahoo.com at 31.70
Petroquest Energy uk.finance.yahoo.com at 4.46
Chesapeake Energy uk.finance.yahoo.com at 14.95 (yeah, yeah, do not say it ;0)
Anadarko Petroleum uk.finance.yahoo.com at 62.16
Yes, I know what I had just foolishly did with Chesapeake Energy Message 20443039 <<August 24th, 2004>> , so do not say it.
Given that the above do not pay much of a dividend, and management will always take care of themselves first, they are really no different than EBay, Amazon.com, VerticalNet, ... Dr.Koop.
In any case, my taunt to OPEC, "go, go, go".
Given that Mexico supposedly just found more oil, I committed to buy some of the following:
New Issue: PEMEX US$ Perpetual Non-Call 5 years
Issuer: PEMEX Project Funding Master Trust
Guarantor: Petroleos Mexicanos (PEMEX)
Ratings: Baa1 (stable)/BBB- (stable) (Moody's/S&P)
Type: Senior Unsecured Fixed Rate Notes
Size/Curr: Benchmark US$
Tenor: Perpetual (No step-up)
Call: Year 5 and every coupon payment date thereafter
Coupon: Quarterly; 30/360
Pricing: Week of 9/20 expected 8% expected
Chugs, Jay |
