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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: whitepine who wrote (65743)	6/12/2006 11:04:16 AM
From: CommanderCricket	Read Replies (3) of 206093

wp, Be interesting to see how far energy stocks can fall. Many E&P's are now trading at dirt cheap prices. Check out APA, DVN, COP, etc... What are they going to do with the free cash flow? These companies will need to increase share buy backs or increase dividends as its clear many don't want to hold them at these prices. The industry is not going to be given higher multiples unless they change. M&A has to accelerate also Down they go again.... ;( CC

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