6/1/2007

DOW - up 40 pts to 13,667
DAQ - up 5 pts to 1537
S&P - up 9 pts to 2613

I listened to the merger conference call of HERO and THE and it was quite interesting. I want to get into the oil industry but I dont know what's the best sub sector. I going to look for the some info into this industry and see what I find.

HERO vs VLO

VLO Advantages - Conference Call
-Tight supply
-Big Share Buy Back
-Higher gas prices good for margins
-The pe of VLO is 8 the avg pe is 14

HERO Advantages - Conference Call
-Purchase THE
-Synergies with merger, all not priced into estimates
-Growing well
-The pe of HERO is 9.4, the avg pe is 12.9

1. use my etrade account for non retirement trading
2. how to fund??
3. do i use options to leverage
- long term