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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (82537)	7/24/2000 11:10:02 PM
From: Spekulatius	Respond to of 132070

MRO is simply the cheapest oil stock -partly because of the tracking stock nature. However, i think that MRO will finally be freed from USX and then they will be takeover baid, because the low price would make a takeover accreditive to earnings even without synergy effects. In addition, MRO is in a fairly good shape - their downstream MAP operations are operating very well, their upstream operations less so. However,i believe that the management has made the right steps to improve the upstream operations too, so even with a somewhat lower crude oil price, the earnings should be gushing.