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

To: Knighty Tin who wrote (50100)	3/6/1999 2:39:00 PM
From: Dave Gahm	Read Replies (1) \| Respond to of 132070

Michael, As a long-time contrarian investor, and equally long-time ARCO employee, I am delighted to see ARCO as one of your long picks. Times are tough in the oil patch, and doom and gloom is the prevalent attitude among employees, which, if history is any guide, means it's time to be grabbing up every share possible. ARCO has moved very aggressively to cut costs, which will make the upside pretty impressive if oil/gas pricing continues to move upward. As Barron's indicated, Mike Bowlins believes the downturn will be short-term. Until he changes his mind, the dividend is probably safe. He also wants to remain independent, but like any good CEO, throws out the caveat that he will do what is in the best long-term interest of the shareholders. Regards, Dave