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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (12496)	5/16/2002 7:23:03 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Isopatch... I do have my reservations about Tesco: 1) it's trading at 3x book 2) market cap is 3x bigger than sales 3) the news coming out of Venezuela is of another coup - an OPEC unfriendly coup - which will have them pumping beyond what's allowed to cover budget short falls. I'd have my finger on the trigger... Regards Frank P. Venezuelan Govt. Strapped for Cash Thu May 16, 1:12 AM ET By ALEXANDRA OLSON, Associated Press Writer CARACAS, Venezuela (AP) - Students in jeans blocked a highway Wednesday, chanting "Give us our money!" because Venezuela's government owes $29 million to their prestigious Simon Bolivar University, where professors have been on strike for nine days. story.news.yahoo.com