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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (71840)9/25/2006 11:27:11 AM
From: xxreno  Read Replies (1) of 206299
 
Ed,

We added to our WARR holdings last week. 5.5 times 2007 earnings, when the earnings are only dependent on NG prices at the margin was too much to resist. I liked management at WARR better than SPN, but SPN is too cheap now too. I guess than lots of folks holding these stocks do not understand how they make their money.

And you are right about the premium. For instance BAS selling off on this news is nuts. Good luck.

xxreno
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