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Message: Re: Newmont

Nov 30, 2007 07:16AM

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Nov 30, 2007 11:40AM


Part of a longer article dealing with Newmont. The part below deals with Newmonts Oil Sand holdings. Full story at: http://www.fool.com/investing/value/...

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Eureka! Newmont Hits It Big
By Toby Shute November 1, 2007
.... Newmont is scrapping a lot of silly practices. For now, it's holding an oil sands investment, which might seem completely non-core, but cash distributions from that company actually act as a hedge on fuel costs. There's a lot of equity tied up here, and I would expect Newmont to free up that cash sometime in the not-too-distant future. ..............


Nov 30, 2007 12:14PM
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