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To: Wowzer who wrote (60907)2/25/2000 12:00:00 PM
From: que seria  Respond to of 95453
 
MRO: Management has stunk up the joint for years.
I exited not too long ago at ~27 after holding for years as my oil hedge. New CEO coming, but I question what he will be permitted to do, or is capable of doing to change the course of this freight liner. MRO is a buffer for the also-sorry performance by USX management at US Steel. I bought and stayed in based upon promising outlook (Slider still sees one), but at some point even a typically buy & hold guy like me stops accepting non-performance.



To: Wowzer who wrote (60907)2/27/2000 8:20:00 AM
From: Robert T. Quasius  Respond to of 95453
 
MRO looks dirt cheap to me. I'm surprised to see majors selling at such P/E discounts and generous dividend yields. I've taken positions in both MRO and TX through their DRIPs, and will continue to build my positions.

When the street figures out that the world is not suddenly going to be awash with oil from OPEC, the majors will be the first to take off. The small cap E&P stocks will remain flea bitten for a while, I'm afraid.


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