Re: Picks & Shovels..ebear
in response to
by
posted on
Apr 11, 2008 02:58PM
The company whose shareholders were better than its management
Love those Oil trusts....still dabble from time to time.....but like all good things they will come to an end.....The Govt also is no help in that regard
True enough, but the big ones have a future as corporations or takeover targets IMO, so the yield is not my main concern. AET and PWT for eg. have pretty good reserves. That stuff will only get more valuable as time goes by and we have a captive market both domestically and to the south. Infrastructure is all in place and as we saw with AET a while back, they are still finding new fields. These are bedrock investments IMO. I don't trade them, just add when they're cheap.
ebear