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Esso Investment

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Last week, after a little bit of homework, I bought a number of ESSO stocks. The upside is there is a dividend of B1 a stock next month; EXXON is their big mother; and there's possible room to move on and up in value. The downside is they've shut down quite a few of their service stations in the last year; TOPS is their biggest competitior; and being spawned from EXXON doesn't mean the management will grow up as a well-behaved child. :o

Any comments?

Top of the range was 13 baht, it IPO'ed at 10 baht. Last I read it was 10.8.

As for what they do depends on what your view is on refining margins are going to be. I perhaps think that Thai oil are a better bet. One of the more efficient refiners in thailand with a large proportion of their slate producing middle distillates, which are going gangbusters in terms of margins.

TOP = Thai Oil Public Company Ltd

TH

Edited by thaihome

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