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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (118539)3/4/2009 12:36:05 PM
From: wherry  Read Replies (1) of 206147
 
Yes, it is still my biggest holding. Sometimes one can only be in a state of complete disbelief at the valuation given by the market to a financially safe, well hedged, reputable "blue chip" outfit.

At base, I suppose, all oil and gas firms are plays on energy prices. There must be more investors who expect oil to go to $20, than to $60.

It is a candidate for a margin purchase - if one can borrow at around 5% and get a tax deduction, and receive better than 25% (taxable), how silly is that?

Regards, Tony.
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