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Strategies & Market Trends : Value Investing

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To: TimbaBear who wrote (13576)1/4/2002 12:05:52 PM
From: isopatch  Read Replies (1) of 78704
 
Timba. An energy stock idea that might interest you folks.

Mishedlo suggested CRED and posted it a few days ago on our Strictly Drilling II thread. After some DD I bot a partial position in this sm NG E&P. There's an additional kicker beyond their growing gas production. Seems they've developed a viable enhanced recovery technology for obtaining significant additional natural gas production from wells classified depleted based on conventional technology.

biz.yahoo.com

Thought selling above book and not technically a "value stock", they have an excellent balance sheet with no debt and a 4.80 to 1 current ratio.

A bit larger in cap and trades somewhat more vol than PHOC, but still a thin trader comparted to most of my other energy stocks. I'm in only a partial position for that reason. But IMO it should be a money maker over the next 4-8 weeks with the rest of the sector.

Regards,

Isopatch
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