Replies to post #455102 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Chevron, BP will have to cut reserves:
(Surprise ! Exxon record profits, production falls...HMMMNNNN!)
http://www.financialsense.com/Experts/2006/Blake.html

Venezuela minister (CVX, BP, TOT, UK:BP, FR:012027, REP, BRG, UK:BG) By Steve Goldstein
LONDON (MarketWatch) -- Venezuela's oil minister, Rafael Ramirez, said in an interview that Chevron Corp. (CVX) , BP Plc (BP) , Total (TOT) and other oil companies will have to cut the oil reserves they've booked in Venezuela. "The Repsol YPF situation [reserves cut] is not an individual one, but affects all the companies that work in Venezuela," Ramirez told the Financial Times. The report said analysts believe the impact will be larger in Bolivia, which was reponsible for half of the proven reserves downgrade of Repsol.

[madrose1]

AMR ....Anyone want to buy an airline stock at its 52week high in a rising oil and fuel environment ?

Other than it is being manipulated , I can think of no good reason ....
been tracking AMR , and feel it was a good short :