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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (1495)6/3/2001 5:11:58 PM
From: Dale Baker  Respond to of 6873
 
Mystery solved by Barrons:

"One of the great investors of our time, as we identified him, is, of course, our old pal Archie MacAllaster, long-time member in good standing of the Barron's Roundtable. The company Archie had nice things to say about was Frontier Oil. Which was transmuted in this space to Forest Oil.

They both begin with "F" and have "Oil" in their corporate monikers; otherwise, the two companies are quite dissimilar. So, how we mixed them up, we haven't the foggiest notion.

Forest and its shareholders took particular exception. And we can't blame them, since the stock we described was selling at a third of their stock's price. What's more, Forest is an exploration and production company and exploration and production outfits insist that you smile, pardner, when you call them refiners.

Humble apologies all around. In any case, all the bullish stuff Archie wanted to pass along to you through us should be pinned on Frontier. He took particular note of its remarkable spurt in earnings, the product of fat refinery margins, which has been pouring cash into its coffers.

Archie estimates, to repeat, that Frontier will make over $4 for the year and hazards that the stock, $11.50 a week ago and $13 on Friday, could easily sell in the upper teens."