Globalsantafe Corp.

[life_in_the_oaks]

Sorry for the delay, got busy for a while.

Needless to say, the performance (while improved from the lows) has not been what I was looking for short term. I still have faith in my choices long term, though, and that was what I was getting in for.

Down anywhere from 6% to 15% on ESV, GSF, and PDE. VLO I am still up, and not terribly worried about. Still holding all SDRLF.

So I think the short term implications on oil prices are putting downward pressure on the stocks....that is pretty much a short term issue, and I do not see conservation and behavioral change occurring rapidly enough to offset growth through industrialization and population.

My 2 cents......overvalued, at that, LOL....

LITO