Just back from trip. I'll be on line, tomorrow, but I felt compelled to inform you of the BP Situation.
Much contention was made within the Clique as to what to do with our $53.20 Feb26 Position: SOLD @ $59.88 FRI23 and Parked in MRO.
Concensus was trouble in Gulf would cost us more than the 5+% Div. despite positive Earnings Report Outlook (at the time). As with Massey Energy, recently, "this too shall pass"; but that oil spill will need to be a distant memory coupled with a very good Q2 (or 3).
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