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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (38967)10/29/2010 12:32:29 PM
From: Grantcw  Read Replies (1) of 78470
 
Hello Spekulatius,

Going back to some of our discussion before the September run on oil stocks, for example TOT.

As the price of oil and gas change, do you modify your $15/oil and $1.5 for gas values for reserves?

I still own TOT and am liking it long-term. In general, I'd like to add to TOT and other good long-term plays in the oil sector, but I'm hesitant here given the recent rise in oil stocks given the rise in Oil prices and the market in general. I think in the long-term oil is going up, but short-term I think there are various reasons to see it back in the 70's. So, I'm hoping to come back into oil stocks if that happens. That being said, I bought some NE this week and am at least considering other plays in the sector, but values are looking weaker than they were two months ago.

Thoughts?

Thanks,

cwillyg
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