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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (67237)8/11/2005 9:54:04 AM
From: Slagle  Read Replies (1) | Respond to of 74559
 
TobagoJack Re:"substitute for currency" Great idea...just stop the pump jacks. <g> But still, even as they are with reserve life of several years they will do really well and raise the payout if oil and gas stays high.

There is a risk though that some large shareholders will use the high price to dump their shares. This happened a few days ago with PBT. Burlington Resources unloaded 7.5 million shares. I guess we will see if that was dumb or smart money leaving.
Slagle