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

To: nspolar who wrote (22759)12/4/2002 4:53:40 PM
From: TheBusDriver  Respond to of 36161
 
<<I have always found it odd how major oil cos, I'm in that industry, go in the tank and tighten their belts in sync. No seems to take advantage of the downturns, when the bang for the buck in carrying out major projects is much greater than during the froth. >>

Our management has FINALLY realised that this is the best time to train for the next upturn. It has only taken 20 years......still tuff to do without the cash flow that makes the bean counters feel good.

Wayne



To: nspolar who wrote (22759)12/4/2002 7:01:42 PM
From: ild  Read Replies (3) | Respond to of 36161
 
nspolar, as a matter of fact I was thinking myself of refinancing with an ARM. My thinking was if rates stay low I'm fine, if rates go up, so we have inflation, I'm fine as well because I'd be able to pay off mortgage using gains from my gold stocks. Do you think there is a flaw in my logic?

EDIT: Were you able to get no cost refi?


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