Wednesday, March 31, 2010

"Black Gold, Texas Tea"...

     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.

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