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Subject: Caltex fundamentals--Oil


Author:
anonymous
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Date Posted: 22:05:57 10/24/02 Thu
In reply to: anonymous 's message, "You see when I bought ERG I didn't do it as a daytrader but on fundamentals" on 22:02:46 10/24/02 Thu

Oil is predicted to come down next year---but then on the forward market---CTX would be buying cheap oil now---by the time it comes down they shall have saved quite a lot in interest and then possibly restored the dividend and repaired their balance sheet.

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