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Re: cl001 post# 5985

Sunday, 11/04/2007 12:50:55 PM

Sunday, November 04, 2007 12:50:55 PM

Post# of 35802
cl001 - Have you heard anything negative from the Mexican government as far as increasing royalties. They nationalized the oil business and formed Pemex in th '70's and are paying a heavy price for doing it. They lack deep water drilling know how and have depleted the easy oil with little re-investment. I am heavily exposed to Canadian listed stocks that have operations in Mexico. I need to keep a close eye out for any change in how Mexico is going to treat foreign operators.

Kipp
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