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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (21574)6/30/2005 3:16:36 PM
From: Suma  Read Replies (1) | Respond to of 78774
 
I have watched your MEH jealous with envy that I didn't follow you into the stock and HOLD. I know you sold...

THERE are a few oil stocks out there EGY ENG.TPE... all of them confusing but all have had good runs. Why did you choose EGY...

ML



To: Paul Senior who wrote (21574)7/1/2005 9:09:49 AM
From: MCsweet  Read Replies (1) | Respond to of 78774
 
Paul,

EGR doesn't look an oil company to me. It looks to me a like retail energy supplier. This is a very very different business from oil.

Margins are thin for retail energy, and these companies face a lot of unrewarded risks. Historically it has been really hard to make money in retail energy. I worked for one such company, and it went bankrupt. Note: We had similar problems as mentioned in the June 14th press release --- I'd be very careful ...

MC