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

To: Bill/WA who wrote (100484)	6/22/2004 11:59:31 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

Bill, I was buying these oil tankers stocks when you were and am currently holding a position in both NAT and VLCCF. Added a few trading positions over time and have sold them recently. I do not see a large number of tankers coming to market any time soon and these folks should be able to get income that is "far" above their costs for some time to come. The single hull ships have to be taken off the high seas which should keep rates high for a while. The income is nice because as some is return on capital which is non taxable.