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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: grayhairs who wrote (455)	5/14/1998 6:18:00 PM
From: Michael M. Cubrilo	Read Replies (1) \| Respond to of 1207

Grayhairs, I am starting to sense some common ground. I concur very much with your definition of "personal success" and I obviously do not need to expand on the importance of "balance" in ones life to yourself. I also agree with your definition of personal luck. You obviously must be familiar with Stephen Covey... a good book for anyone to read is "The 7 Habits of Highly Effective People" Now lets switch over to the business end. Once again, I agree with you and your assessment of the 'paper napkin' scenario. One of the things I always loved about the oil patch is that honor, integrity and men of their word could make handshakes and paper napkin deals be equivalent to any document a team of lawyers could put together. But what has changed, and you alluded to it, is that it is now very risky to perform that kind of deal making. One needs to carefully judge and assess the individuals or company the deals are done with. I feel that one thing which has compromised some of these values and principles is the stock market itself. Now, many are so concerned with shareholder return (and the shareholders demand it) that the end justifies the means in certain cases. Just exactly what is one buying? The trench warfare is getting more and more hostile and deceptive.... you cannot simply 'trust my word' anymore across the board. It is for this reason that caution must be exercised and the tough, intelligent questions must be asked by any investor. The trust must be earned, not just assumed. For this reason, I asked that you reveal your profile or, at my invitation, meet for a rye and martini to discuss some of this common ground. I agree that even "dry holes" are important sources of information in the big picture. What is also important is that individuals be able to understand what a press release is or is NOT telling you. A dry hole for Mobil, Shell, etc... will not greatly impact the investors in a negative fashion. However, for a company which only drills one or two BIG holes a year, the event could be disastorous for shareholders. I have access to 'cut men' if required, but for now, I have not seen the need. I must also leave the thread for a few days, going camping. Gonna get my 5 year old to catch his first fish, the 7 year old already has. Might even take the .22 out so that he can pop a few cans. Part of that "success" you were talking about. Back on Tuesday. Gotta go load the trailer. mike