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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42252)	5/3/2011 4:11:02 PM
From: E_K_S	Read Replies (3) of 78708

Re: Abraxas Petroleum Corp. (AXAS) (Started an initial position) Voyager Oil & Gas, Inc. (VOG) (added to my already larger position) Had to nibble at more of the beaten down E&P companies. AXAS is one I have wanted to own but missed it on it's way up past $4.25/share. Thought today's price at $4.63/share might make a good entry point. This is the lowest price I paid on VOG (@ $3.74/share) since I started buying. Both companies still have plenty of cash and an extensive drilling program planned for 2011-2012. My bet is they their new wells in the Niobrara region will pay off big. My E&P basket is now close to 85% filled. My large gains have dwindled down to being up only 18.85% (based on cost) but I am in this for the long term (at least 18 months). EKS

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