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I guess I learned I don't know much or at least as much as I thought I did. An important lesson in humility and appreciation a for complete break with what seemed like a rational reasoning process.

i am going to be a big buyer of energy but feel like it's a quarter or three too early. I am not in a hurry to park precious cash in a commodity that can't find a market until the global icebox begins to thaw. I didn't cash out my few holdings in oil services before the crash and now they are worth almost nothing. Not worth selling. All of them are excellent companies and will be worth buying at some point but not just yet.

I never have understood the economics of pipelines and have never owned any pipeline companies. El Paso goes through our neck of the woods.Talk to their employees all the time Seems to be a well run company. Well off their highs and may be worth looking at. Any hints on what to pick out for valuation purposes?
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