how low will it go?, page-3

Jay,

For my two bobs worth, remaining Tui reserves only worth about 10 cps to PPP.

Also when NZOG was buying earlier in the year their USD cash was worth a lot more in AUD.

If you look at the history of companies like TAP and ARQ, you might never again call an oiler with a pile of cash and declining reserves cheap.

I hold a few, regret greed stopping me selling during Vietnam bubble, but no plans to buy more regardless. For me it's all about the exit.

EL