OPEC is meeting in Cancun this week. The Consensus is that, if they maintain a buffer supply, they can keep the price @ the $82-85 Range indefinitely. They've a reason for keeping prices below premium. Prices for gas @ $3-4 causes too much "conservation" in the American Market. I would prefer a $90 - 100, and look for it to be the new norm.
We HOLD:
British Petroleum (BP) [@56.83*] : This is our major BUY. Dividend (5.90%)
Marithon Oil (MRO) [@31.40*] : Marithon is expanding Retail Outlets and Profile. Don't buy it for the Div. (3.+%)
Royal Dutch Shell (RDS.A) [57.54*] : They're on an Expansion/Dealmaking Spree; 2012, beginning profs. Dividend (5.84%)
If you get IN to an Oil Stock, I've another Desktop Shortcut for you: Oil-Price.net
*Closing Price March 30, 2010.
Wednesday, March 31, 2010
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