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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: steve harris who wrote (1949)8/21/2017 4:20:21 PM
From: robert b furman  Read Replies (1) of 2005
 
No way.

Nigeria, Mexico,Brazil, New Guinea, Norway and the North slope all are government run agencies and they rely on oil income for balance of trades.

Gulf of mexico has added to our production this yea as long term projects come on stream.

It is a long term thesis.

Just think if you had bought semis in 2000 or banks in 2008.

Ten years later all those companies were consolidating their market niches and paying dividends that were growing nicely.

Look at KMI - if they do what they've outlined dividends will grow by 60% 25% and 25%in the next 3 years.

Not too shabby!

I'm allocating 1/3 of this year's dividends into KMI and ESV.

Bob
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