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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (41013)	7/6/2006 11:46:49 AM
From: JimisJim	Read Replies (2) of 108697

Bought VLO and TSO on news... TSO is taking a hit today as they announce attempt to acquire TX refinery and taking on debt to do it -- they'd just worked down debt ratio from 69% to 35% last year and people are fearful of them taking on new debt... anyway, added to core position in TSO @ 72.40 (original postion long @ 69.50)... Opened new position in VLO @ 65.70 just because... they are down today and have wanted to open a position (not sure how long)... Not sure how long these positions are... perhaps swing trades, but in theory, I like being long refiners this year and will at least be swing trading these two with possible core LTHs also. Also looking for punished offshore drillers right now. I have a lot of exposure to land drillers with NBR and GW, but looking to replace positions in RIG, GSF... possibly DO and/or NE and NBL. Jim

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