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

To: Grantcw who wrote (40282)	11/29/2010 3:42:57 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78469

TOT - Supermajors are not liked currently because: - They don't have enough new resources to replace their production and old resource decline. - They have nat gas production with nat gas hitting low prices (however, this is a partial risk for GEOI too). - They have refining operations that operate at negative margins with oil price high. - They have very few organic and cheap non-organic growth opportunities. - They might be most hit with anti-(big)-oil government regulations and taxation. I own some TOT and E, but I don't see the sentiment changing in the future.