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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (38982)8/27/2010 11:04:06 AM
From: E_K_S  Read Replies (1) of 78748
 
Enbridge Energy Management LLC (EEQ)
CONSOL Energy Inc. (CNX)

Sold out my EEQ position (@ $53.12/share) acquired 12/2008 based on your post ( Message 25282178 ) at $19.53/share. I failed to pick up LINE or BBEP two others you found significantly under valued. BBEP at the time was around $6.00/share and at $16.50/share still looks interesting.

I concur with you that many of the MLP companies have moved much higher during the period with investors chasing yield and expectations are now way too high. Two much risk for me unless I can buy at a significant discount. I will probably focus on the TPZ Fund but only if I can buy in at a 10% lower price.

I am looking to increase my exposure to Oil & NG companies and plan to start a position on TOT and add more shares of CNX. Both companies have excellent proven reserves AND have shown they can replace those reserves over time at a rate better than the industry average.

The charts for CNX and TOT look like they want to test their LT lows which could translate into another 18% & 6% decline respectively. We are definitely much closer to the bottom than the top for these two companies. Therefore, I will wait for one of those watershed down draft sell offs before adding shares.

In the mean time I am raising funds and taking profits in positions bought 18-36 months earlier especially those companies that may have difficulty in a slower economic recovery than first expected.

EKS
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