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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (9686)1/19/2000 4:02:00 PM
From: Archie Meeties  Read Replies (2) of 78714
 
"I personally would prefer something more directly affected by improving prices..."

What do you think improving prices does to PETD's drilling revenue?

"and perhaps with oil exposure."

You must accept that oil, like gold, is a political commodity. Once you're willing to deal with that, ask yourself if you think $30 oil is sustainable. It's not. It's going to stay above $30 for a while (if you want an explanation, look at my stream of consciousness post on the "Oil economics" thread), but it will come down from there, and your over-balanced oil play right along with it.

A balanced, or ng-weighted low cost E&P carries less risk.
EEE is trading at around a 50% discount (some say more) to it's NAV. As the this thread title says, it's an obscene value play, and currently stranded at port. A large cap in the same situation is GOU. GOU also has a preferred you might want to look into.

Good Luck,
A.
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