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

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To: KyrosL who wrote (93538)11/14/2007 8:17:51 AM
From: geneve  Read Replies (2) of 206182
 
Being attracted to distress, I am growing increasingly interested in this situation, but I lack the ability to analyze the O&G assets, and what they are worth. Much is made of the fact that most healthy E&P companies are priced for oil in the 50's. This rule certainly applies to situations like ENT where there is a discount resulting from leverage/mismanagemnt, but also because the underlying assets have appreciated in the past three months while the focus is on the survival of the business. This may apply to TXHE as well. Any light you can shed on ENT liquidation value would be appreciated.
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