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Gold/Mining/Energy : Conoco (COC) - The biggest U.S. IPO ever -- Ignore unavailable to you. Want to Upgrade?

To: guido leone who wrote (16)12/15/1998 12:39:00 AM
From: Night Writer  Read Replies (1) | Respond to of 123
 
That's OK, I can't figure out why they don't make more money when the raw material is cheap. Seems like the business ought to set profits by the gallon, and not a percentage. After all other businesses do great when costs fall. Everybody trys to reduce expense by laying off employees. Why do oil profits fall when you get cheap crude oil? Somebody is making money. The question is who?
NW


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