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

To: Knighty Tin who wrote (102310)	8/25/2005 10:50:23 AM
From: AuBug	Read Replies (1) \| Respond to of 132070

That's a cute video :-) I bought a bike myself. FRO & GMR are looking good to me. FRO just announced a $2 dividend which implies an 18% yield. GMR hasn't come thru with the dividends they were projecting in their earlier presentations but they're still high yielding. The best thing is they don't have those 15% foreign taxes withheld so they work good in an IRA. The funny thing is I viewed FRO's presentation yesterday and it looked bearish to me but the stock popped good, some nonsense about exceeding analysts expectations, but whoever expects them to be accurate? They had a phase out chart of double hulled (DL) vs single hulled (SL) tankers. Looks like only the oldest of SL tankers will be scrapped before the 2010 deadline when a bunch will taken out of service. Mean time shipyards are at full capacity building ships. They showed data on oil production and demand and I guess the bullish case is made in assuming demand will outstrip production into infinity. But, they showed that shipments are well below production and assume that implies that OPEC has "hidden" inventories. Raise the red flag, what the hell does that mean? Is OPEC about to flood the market and drop oil prices? Have the sheiks loaded up on crude puts and sold as many futures as possible? Or, is production data bogus and output is not what they say it is? To add to concerns about volatility in oil prices will Pat put a bullet in Victor's ear? Will Victor stop selling oil to the US and expel all US companies? Cases can be made for big swings in either direction.