But first . . .


The Anadarko (APC) shares suggested here at $56.50 last June 14 closed at $76 last night, but I’m not selling. Likewise, the far shakier Canadian Southwest Petroleum (CSPLF), suggested over the years from $2.60 to $6.50, now around $8, and the Exploration Company of Delaware (TXCO), suggested at $4.50 February 16 of last year, now around $5.70. (They’re looking for oil in . . . Delaware? That can’t be right.)

I’m not buying more of these, either. Much or all the run in oil stocks may even be over. But I have a hunch it could be a better time to own oil stocks than SUVs. Click here: Goldman Sachs: Oil Could Spike to $105.


Spring is in the air, time to try harder than ever to toss out the piles of business cards and newspapers and magazines that have accumulated – some dating back years. And whenever I do, I go into a trance when I see magazine covers like this one from Money’s January 2004 issue: STOCKS YOU NEED TO BUY: Best Investments for 2004 and Beyond (Page 64).

How would it be possible not to turn to page 64 to see how Money did?

‘Our choices for the best stocks for 2004 span six industries and emphasize solid growth and attractive valuations,’ explains the magazine.

As of last night, five of the six were down:

Stock Money Price Last Night Gain/Loss
Anthem (ATH) $74.20 $125.35 +69%
Avaya (AV) $13.02 $11.68 -10%
Bristol-Myers (BMY) $26.85 $25.46 -5%
Janus Capital (JNS) $14.62 $13.95 -5%
Patterson-UTI (PTEN) $29.33 $25.02 -14%
Viacom (VIAB) $39.75 $34.83 -12%

If I’ve calculated the gain in Anthem properly (it merged with Wellpoint and is now WLP), the combined performance for all six taken together, including dividends, would have been 4.7% . . . less commissions and the cost of your Money subscription. The Dow, over the same period (starting when subscribers would have received their copies) was up about 6%.

It’s tough to beat the market.

And now . . .


Chorus Motors, as many of you know, is owned by that Seabiscuit of the Mediterranean, that Rocky of Gibraltar, that little engine that could – or could not (well, probably not; it’s all but impossible I could be so lucky) – Borealis.


Gibraltar, 31 March 2005

Virtual companies will have the best competitive edge for the conditions of 21st Century manufacturing.

That is the message Dr Robert Carman, Program Manager for Aerospace Applications for Chorus Motors plc (CHOMF) will be giving to the WESTEC 2005 Exposition & Conference at the Los Angeles Convention Center, Los Angeles, CA USA, on April 5th at 3.00pm.

Dr Carman will be describing the structure and business methods of Chorus Motors plc, a ‘virtual’ company where projects are managed through groups of consultants linked by email but working from many different locations around the world.

The low overheads, flexible working arrangements and swift decision making ensures a leaner and more responsive business model that can handle large, complex engineering and development projects that would generate enormous waste of time and resources with conventional companies and management structures. For a free pass to attend Dr Carman’s session, email us at pr@chorusmotors.gi and we will send back a printable electronic pass.

Isaiah Cox, President of Chorus Motors plc, said: ‘Bob Carman’s pedigree in project management is second to none. A former Boeing program manager, Bob is heading up our defense and aerospace activities at Chorus, teaming the world’s best specialists to implement our ground-breaking technology.’

Chorus Motors plc owns the proprietary Chorus® Star™ and Chorus® Meshcon™ AC motor technologies. They provide up to five times the start-up torque of conventional AC motors of a similar size and weight, and, in the case of Meshcon designs, can also change their mode of operation to suit high speed, low torque applications as well.

About Chorus Motors

Chorus Motors plc (US OTC: CHOMF) is a technology development company that is a majority-owned subsidiary of Borealis Exploration Limited (US OTC: BOREF). Chorus has developed the proprietary Chorus® Star™ and Chorus® Meshcon™ electric motor technologies, which offer substantial performance improvements over comparable motor and drive systems. The Chorus systems produce high torque at start-up speeds and are ideal for traction applications such as automobiles, trucks, locomotives, and ships. Their advantages enable several potentially innovative applications in aerospace. For more information, see www.chorusmotors.gi.

Borealis (US OTC: BOREF) is a technology development company founded in 1968 and based in Gibraltar in the European Union. Borealis’ business is reinventing the core technologies used by basic industries, including electric motors, electrical power generation, and cooling and refrigeration. For more information and forward-looking statements please visit its web site at www.borealis.gi.

Chorus is a registered trademark of Borealis Technical Limited.

For more information, contact:

Chris Bourne
Head of Public Relations
Chorus Motors plc
email: pr@chorusmotors.gi
Tel: (London) +44 020 8571 5216
Fax: +44 020 8455 8701

☞ Let’s hope all this leads to more than virtual profits.


And while we’re doing islands . . .


Wednesday, March 23 – Citing “National Security concerns,” authorities at the Caribbean port of Nevis denied entry to the Sailing Vessel Polynesia, a Windjammer charter ship carrying 110 gay passengers and 35 crew members.

According to Captain Cornelius “Casey” Plantefaber, reached via ship-to-shore phone today, the ship arrived at approximately 8 AM and was greeted by a port police patrol boat.  Three officers from the port police boarded the vessel, demanding that the captain disembark for a meeting with the authorities.

During a one-hour meeting that included the port’s Chief of Security Elroy Hendrickson, Port Manager Ken Pemberton, Chief Customs Officer Denzel Moving and Chief Immigration Officer Michael Walters, Plantefaber was told that “This is a Christian community, and being gay is against the laws and morality of the island – especially during Holy Week.  You may not even swim in our waters.”

The ship departed from St. Maarten on Sunday, March 20 and returns to the port there on Saturday, March 26.  The passengers were supposed to spend the day and evening on the island, but after five hours anchored at the port, the captain set sail for the island of St. Bart’s instead.

☞ I believe in national sovereignty, so if the good people of Nevis want to ban gays or Jews or blacks or Muslims or anyone else they consider tools of the devil, they should be allowed to. But the rest of us should boycott Nevis.


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