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

To: elmatador who wrote (100708)5/10/2008 8:09:28 PM
From: Elroy Jetson  Respond to of 206084
 
A good observation on refinery valuations.

<< Petrobras is focusing its acquisition search on Asia, where fuel demand is growing 10 times faster than in the U.S.

and plants command lower prices than in North America and Europe, Gabrielli said.

``The problem in the U.S. right now is you are going to pay a present value for refineries that's too expensive,' Gabrielli said. >>
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