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

To: Elroy Jetson who wrote (43270)	5/2/2005 11:52:01 AM
From: onedrill	Respond to of 206086

It seems here Dennis. Keep the price down here while the big houses load up and while CVX buys back its own stock. CVX is running on all cylinders here and going forward. The only issue I see facing big oil is finding the people and equipment needed to spend the money they want to spend. That problem will be solved when day rates and wages begin to raise as oil prices firm and continue on up. But then again if they find the people and equipment the market will run prices down. These two shortages sure help the POO. JMHO Good luck to all.

To: Elroy Jetson who wrote (43270)	5/2/2005 12:03:55 PM
From: upanddown	Read Replies (3) \| Respond to of 206086

In buying Unocal, ChevronTexaco will eliminate one of their major competitors in the West Coast, their second most profitable market after Hawaii Elroy If you mean eliminating Unocal as a refining and marketing competitor, that won't happen with the Chevron deal. Unocal sold off its refining and marketing (and the name rights) about 7-8 years ago (can't remember the buyer) and essentially transformed itself into a large, worldwide E&P and I believe that is all Chevron is buying.