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By Monty Guild and Tony Danaher, on September 30th, 2004
ENERGY
In the last 3 months, Guild Investment Management (GIM) has met with the CEOs and or CFOs of about 25 energy companies in Canada, Europe, Denver, New York and San Francisco, at individual meetings with company managements, and in groups at energy conferences. I returned last night from the latest conference and wanted to share our latest thoughts with you.
As you know, we have been enthusiastic about the opportunities in energy stocks for a couple of years. During that period, energy prices have moved to the $50 level, close to our target price of $55. Energy stocks . . .
Continue Reading: September 30, 2004
By Monty Guild and Tony Danaher, on September 20th, 2004
PUTIN TAKES CONTROL
As reported in the world media in recent days, Putin has taken control of the Russian governmental apparatus to place the levers of Russian control firmly in his hands. First, it was the move earlier this year to take over large oil company, Yukos. Last week, in what was not the only anti-democracy action taken, Putin set his sights on the eighty-nine elected regional governors, who will, henceforth, be appointed by him. To quote the New York Times, “a headline in Isvestia called it the ‘September Revolution’, equating Mr. Putin’s consolidation of power to Russia’s most . . .
Continue Reading: September 20, 2004
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