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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: zalesky who wrote (614)	2/27/1998 2:45:00 AM
From: CMason	Read Replies (1) \| Respond to of 2282

I agree, we have too many companies trading at a fraction of the market multiple. In addition to holding long GLM positions, I've sold RIG 35 puts which should expire worthless. I view the RIG puts as a good hedge against my GLM long positions. The kicker to all of the above is what happens if the US and Iraq end up disagreeing on weapons of mass destruction? My guess (don't hold me to this) is that oil ends up around $22/bbl, and we throw out everybody's estimates on crude, integrated oils, etc. regards, CMason