SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Canadian Oil & Gas Companies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SofaSpud who wrote (2225)2/4/1997 4:10:00 PM
From: Diana R. Chambers   of 24937
 
Well that is interesting food for thought, David. IMO seems to be more expensive on a pe basis than cash flow. So it becomes a judgment call--is it a "mature oil" with expansion limited to Canada due to strict parent (Exxon)? OR:

<IMO has U.S. $8-$9 a share in cash against a total debt of abour U.S. $4 a share. It trades at about seven times estimated 1997 cash flow per share of U.S. $7. 'That is dirt cheap, no matter where the Dow is. We also note that IMO has been a steady buyer of their shares, and one could fully expect that to continue for the foreseeable future. We are looking for major gains for IMO over the next three to five year period...'>

The question is if one can participate in IMO as well as the rest of the world with Exxon?

As for clipped wings--try being ahead of your time in tech stocks not yet recognized in the marketplace, eg internet telephony and wireless cable. This market has only rewarded buyers of large caps. As someone wrote to me last winter, "if I had bought MSFT and INTC, I could have played golf last year." (Luckily I did buy INTC--although some I sold too early.)

So, believing this year will be volatile, I'm trying to be conservative and still smart:-) And I do believe in the longterm upside of energy stocks. (Plus nothing wrong with a nice dividend.)
Diana
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News