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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (25470)	12/5/2006 10:18:20 PM
From: Spekulatius	Read Replies (1) of 78715

regarding XEC - XEC is still undervalued relative to many peers but management is not creating value, as evidend by the negative free cash flow and the stagnating production. I am completely out of energy for now after cashing in my chips (CVX , XEC, OIS and in some overweight CanRoy position purchased during the slump) FWIW, the NG market has nothing to do with the situation in Iraq (XEC is mostly NG).

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