Hello Pezz, Last Night's Report:
I Last Man Standing Rampage fashion, I took down another 2 tranches of Vermilion finance.yahoo.com at 21.70, increasing overall position by 15% from the night before Message 21001002 .
The rather international Canadian energy trust is behaving like a genuine player in the Death Match Arena:
(a) deal machine (France in, Trinidad in/out, Neatherland in, Libya in, Australia in)
(b) investment in cash machine (throwing off dividends to its deserving shareholders)
(c) multi-currency hedge against fiat inflation (oil/gas is its assets, requiring no R&D, marketing, advertising / promotion, and after-sales service expenditures)
(d) call option on Libyan oil
It is unusual, I think, to have the management of an energy trust to be so international in outlook. The bunch appear to be deep-thinkers. I wonder if they would be so bold as to:
(a) buy some oil sands
(b) get back into Trinidad, but into mature NG resource
(c) buy some coal
(d) do some uranium
Chugs, Jay |
