Jack Yetiv

$200 Oil, $2000 Gold?

I used to be heavy into HTE, but I think refining margins will continue to be squeezed by higher oil prices and lowering demand for gasoline, decreasing pricing power of the refiners.

I like ERF, PWE and AAV, although I hold all PWE right now because I think it has good upside potential if they execute better and I believe the 13% yield is pretty safe in this environment.

Jack Yetiv