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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Michael P. Michaud who wrote (30244)	2/25/2004 6:31:54 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206093

MikeM, GI -- The word on the 'Street is that Ed is still moderately bullish on Giant Industries, even after this big move. The stock is still selling for less than 5 x trailing 12 mos. EBITDA, whereas its big brothers are trading at higher multiples. Refining margins for gasoline are looking very good for '04, especially with the new low-sulphur regs about to kick in on 4/1 (which is expected to reduce gasoline imports since the European & VZ refineries have not all gotten up to speed yet). Although I have taken some profits on this it still represents one of my largest positions.

To: Michael P. Michaud who wrote (30244)	2/26/2004 11:05:59 PM
From: Paul Senior	Read Replies (1) \| Respond to of 206093

OT: Michael P. Michaud, regarding GI: My opinion is that I like GI at current price. I have a very small position which I'm planning on holding, and I'm also holding others in the sector as well. My preference now is VLO, and I'm stepping up for a little more at current prices. Jmo. I am no expert in the area (or the subject of this thread either), and I'm wrong many, many times. I just felt like replying to your request for opinions. Paul Senior