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 : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jim_p who wrote (13750)10/9/2002 2:07:10 AM
From: energyplay  Read Replies (2) of 206326
 
Low current valuation of EP - is it possible that the current low price is not an over reaction to FERC and California, but a liquidity / risk -aversion problem ?

Look at the over reaction in Ultilities to the AYE credit problem.

To you get the feeling that NO ONE (or no fund manager) wants to take ANY downside risk -
why ? maybe because there is no upside ?

If the risk aversion view is correct, two things will happen -

1) We will see MORE SCREAMING BARGINS like EP.
2) EP will SLOWLY and hesitantly return to something closer to true value- maybe by January or May

If the risk aversion view is wrong, EP should move up most of the way back i one -two months, and it is unlikely we will see bargins like EP again this year.
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