We like the same investment themes that we have liked for 2 years.
ENERGY STOCKS
As we predicted in our November 8, 2004 letter, oil did not have a big correction and now it is rising again. We expect energy companies to do very well in coming weeks and we continue to own British and Canadian oil producers and U.S. natural gas and coal producers. Demand from developing countries like China, Russia and India and political problems worldwide argue for relatively high energy prices for some time to come. This is especially true when we consider the political problems . . .
Continue Reading: November 29, 2004
