Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (55986)	12/3/1999 3:05:00 PM
From: Think4Yourself	Read Replies (2) of 95453

re: "NBL has cfps equal to APA whom is also priced 50% higher and along with these stocks below is priced nearly half of their peers on this benchmark valuation metric:" I don't feel that you're using a meaningful metric due to the fact that you're not considering outstanding shares. When you take this into account you find you are paying 1.07 cents per CFE with APA and 2.24 cents per CFE with NBL (and 3.29 cents per CFE for BR, 1.45 for OEI). This is one of the reasons I'm not interested in NBL at these prices. I would rather buy RRC now and pay .69 cents per CFE of production (or MEXP at .66 cents per CFE). There are, of course, liquidity issues to consider if you are a trader (which you are). I wouldn't normally care about this, but earnings estimates for the little guys are seriously out of date compared to the more major players. OT: CNBC just showed footage of a woman who rowed across the atlantic, landing in the carribean today. Her arms would make Hulk Hogan blush with embarrassment!!

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