If You Are IN Petrol, Read...

CLICK Pic to Enlarge.

As you can see, other companies besides BP are going to be effected by the Moritorum on Off-Shore Drilling...

Very Happy...

...with MRO.

This week...

       RDS.A has taken a hit, along with other Big Oil Stocks, but do a bit of R&B.  We've Group and Individual Holding Ports with it, but the $52-54 Range is attractive.  Okay Div.

My Ol' Buddy, Max, offered me a Position to get back In on a BP Block, I passed because I'm ALL IN on Best Laid Plans for QuickFlip.  May consider taking Parked out of MRO (?).  Consensus is that it's hit it's floor @ $43-45 Range.  That minimum 10% on the money by the end of the year does look attractive.  But 7.20% Div. is bound to take a Hit.

Low Oil Prices aren't helping our Petrol Ports at the moment...

If you haven't read enough on the Oil Rig Disaster in the Gulf...

     Among the Sector Sites to which I subscribe, Oil-Price.net was one of the last read; no more.  All of a sudden, with the Petroleum Sector Exposure we have, it has become a must read.

     Click this link an article you'll find both informative and somewhat intriguing:

Use nukes to contain the oil spill.

More Oil Tech/Topic Sites:

OPISnet

BNET: Energy

R/D, Start: Oil Spill Liability Trust Fund [This is a must know topic for any intelligence on the Current Situation. Start searching.]

I'm Back and We've Had Some Trouble in Paradise...

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).

"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.