Strictly: Drilling

[Old Frank P]

Bob, I don't follow the GPM thread, and I am surprised at TM for taking credit for that post. Other than that, the essence of the "War Plan" is what brought me around as a born-again oil bull.

Note, before you think I'm totally nuts, there's a slight safety hedge playing integrated companies. If the price of oil shoots through the roof the upstream component benefits, if the prices drop the downstream component benefits, in general these integrated players have the additional benefit of a dividend yield. -- I feel a certain amount of safety holding these things.

My portfolio allocation break down is 2% cash, 13% Oil and 85% Precious Metals.

Regards
Frank P.