| Business Summary | | Petroleum
&
Resource
Fund
is
a
closed-end
equity
investment
company
invests
in
natural
resources
stocks.
The
Company
is
an
internally
managed
equity
fund
emphasizing
petroleum
and
other
natural
resource
investments.
The
investment
policy
of
the
fund
is
the
preservation
of
capital,
the
attainment
of
reasonable
income
from
investments
and
capital
appreciation.
The
Company's
portfolio
of
investments
includes
international
and
domestic
energy
companies,
energy
producers,
energy
distributors,
and
energy
services
companies.
The
Company
also
has
investments
in
basic
materials
companies
and
in
paper
and
forest
products
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PEO
is
a
closed-end
equity
fund
emphasizing
natural
resources
stocks.
The
investment
objectives
are
capital
preservation,
reasonable
income,
and
an
opportunity
for
capital
gain.
For
the
six
months
ended
6/30/01,
total
investment
income
totaled
$6.1
million.
Net
decrease
in
net
assets
from
operations
totaled
$64.7
million.
Net
asset
value
per
share
fell
from
$32.69
at
the
beginning
of
the
period
to
$29.69
at
6/30/01. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Douglas Ober, 53 | Chairman
and CEO | Richard Koloski, 55 | Pres | Joseph Truta, 55 | Exec.
VP | Maureen Jones, 52 | VP
and Treasurer | Lawrence Hooper, Jr., 47 | VP,
Sec., Gen. Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|