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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (23527)8/25/2006 12:03:37 AM
From: Spekulatius   of 78890
 
Bought a little XEC. Cheap gas play, IMO with a pretty good track record. Stock has stagnated after the Magnum Hunter acquisition. The company feels a margin pressure as drilling cost increase and NG prices have remained stable. XEC is cheap as each MM Cft in reserves is valued at around 2.5$. XEC balance sheet is very conservative. I think XEC is a very attractive takeover target and NG is cheap now compared to Oil.

Besides XEC I own CVX in the energy space.
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