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

To: Paul Senior who wrote (32004)	9/16/2008 10:51:56 AM
From: Jurgis Bekepuris	Respond to of 78740

I bought some PRC from Dale's thread today. Losing money, but now below book.

To: Paul Senior who wrote (32004)	9/17/2008 1:46:22 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78740

BWP added to my position of BWP as well.It's a pretty defensive MLP play because of fee only income (no direct commodity price exposure and contract are LT fee only with several years of duration). BWP has a good credit rating (thanks to backing by Loews) and can raise debt at around 6% which is a big advantage in todays environment. I also added to CPNO (a Gatherer/processor) without IDR's, sold WES at a tax loss to partly fund those buys. Parted myself from, WMB (yet again) and BHI for thumb change. On another note I shorted some WFC. I think it's overvalued right now and not as invincible than the market thinks it is. AIG now essentially nationalized - who would have thought a year ago. Now the question is how many trillion of US$ can the FED take on their balance sheet without loosing the AAA rating.