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Re: Argyll post# 5627

Wednesday, 04/18/2007 10:30:14 AM

Wednesday, April 18, 2007 10:30:14 AM

Post# of 132364
I like very much where WRNW is headed. They are not only an operator in O&G, but are positioning themselves as a services company to the rest of the players. I remember some years back following Warren Buffet's strategy when energy traders were the big thing. Most were buying up shares in Enron, Dynegy, etc. Buffet was buying up the transmission lines and I think also a piece of the services industry. Those picks are still paying for him while energy trading companies have shuffled around and fought each other for a bigger slice of the industry. But no matter who was on top at any given point in time, they had to pay Buffet's companies to move the electricity from grid to grid...absolutely brilliant. IMO. WRNW now has a piece of a Michigan based, privately owned services outfit.

jc