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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: bob s who wrote (45995)	2/7/1999 11:30:00 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Bob, The problem with your question is that cheap and safe are at opposite ends. The oils with the most upside also have the most downside. You can buy an Arco, SLB, BR, HAL or a UCL and participate in some of the upside without huge risk. Or, you can buy an FLC or a TDW and get much more upside if you are right. And death on a stick if you're wrong. I have both. Leaps could make sense on some stocks, though they are kind of pricey. Another thought would be PEO, the oil closed end fund selling at an 8% discount to NAV. They own stocks selling at discounts to their assets and themselves have a discount to THOSE holdings, which I refer to as a double discount. Nice dividend and smart mgt. But it is not a homerun fund. Just a potential big winner. MB