Ann: Quarterly Activities Report, page-42

Well, for better or worse, I'm invested in both FAR and PCL, and also in TPT for good measure. I have lived through so many POO cycles that I have no doubt whatsoever that this is just another one of those swings, and that this one is somewhere near the bottom IMO. My investment horizon is basically the end of my wife's life, and she is 15 yers younger than me. I got all the funds I need to last out my days quite comfortably.

Topped up again last week on all these 3 speccy oilers, but keeping most of my powder dry for when things become more clear on their future income potentials. I have worked in the Petroleum industry for nearly 30 years, and it has been good to me so far, including the generous pension I'm now receiving from my time with Phillips Petroleum Co. (the P in COP).

And as the Oracle from Omaha so wisely pointed out: Cash combined with crisis is priceless.