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

To: ild who wrote (97187)	8/5/2002 9:24:18 PM
From: Joan Osland Graffius	Respond to of 132070

ild, I own some VLCCF and will be adding if it continues its down draft. I am not an expert in oil tankers, but it makes sense to me that we can assume the value of these tankers is the book value. With credit markets tight entry into this market should be difficult if not impossible. The NAT balance sheet looks the same as VLCCF. It looks like we are having some forced selling these days and one never knows where the market will price these stocks. I would have no problem if they cut them in half from here as I will just buy more. <g> Joan