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

To: jrhana who wrote (33092)	10/10/2003 4:52:44 PM
From: Tommaso	Respond to of 36161

I am holding a lot of PTR but to tell the truth I sold about 10% of it today (I had a 40% gain) to buy some more COS, which was down a little today. I must think PTR is a good bet but it was getting to be too large a fraction of my wealth. Anything can go wrong with anything and I stay widely diversified within energy, to which I have committed heavily. Oh...some of the PTR is in a taxable account and I want to pay 15% taxes so I am not selling it till next year. I forgot to mention ROYL, which I consider a fairly good speculation on energy problems in California. All sorts of things can go wrong with any one investment, as I hardly need say. I thought the Paramount Energy Trust was quite safe, and then suddenly the Province of Alberta capped a bunch of their gas wells saying they were needed to keep pressure for the tar sands project to function. Paramount went down about 40% in a day or two. For me, this whole business is an ongoing poker game.