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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (46327)1/25/2012 2:37:36 PM
From: Asymmetric  Read Replies (2) of 78747
 
Hi Paul. Bought MMR (McMoran) in size this morning at 12.07. Not a oil service company - but a nat gas
ultra deep driller. A lot riding on Davy Jones results due in 3 weeks. Management feels they've got a
gorilla down there, analysts more cautious. Guess we'll see who's right shortly. A major find just adds
to the glut in natural gas - and it's hard to value without knowing the size of the field, etc, but obviously
I feel there's value above the twelve dollar level.

- A.
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