Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.940

+1.0%

Nov 7 9:30 AM EST

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To: refugee investor who wrote (998)	2/19/2012 11:54:49 AM
From: Italian Investor	Read Replies (1) of 1366

Yes I agree looking @ the ordinary on sites like Morningstar and FT they are not as always the same as looking @ the main syb. Tesco is a very good company @ a wonderful price, and if it falls another 20% or so I would feel very comfortable with 15% of my portfolio in that name. Never heard of Raging Capital Mgt but will take a look. I picked XCO because of Wilbur Ross, I also own CHK and I recently traded out of SD for about a 10% gain. CHK and SD are more diversified than XCO which I like, but saying that I have around an 8% position in XCO and about a 2% position in CHK @ the moment lol. I strongly believe XCO has the capital to weather a low natural gas environment for many years so I don’t mind they are not diversified. I don’t need to tell you this but Natural gas is way cheaper than oil and we have over a 100 year supply @ home so what better resource when this country wakes up is better to help correct our trade imbalance. XCO right now has its cost around 4 an MCF when most other Shale producers are 50% higher, so they are a low cost producer of shale. Companies are starting to cut back now with prices so low and leases expiring so less will be brought to market and over time the excess supply will be brought down and prices will be higher. Looking out a few years I believe XCO will be significantly higher if the USA demand does not do the trick the international market will be the answer for higher prices when infrastructure for exports is fully developed. Finally, in 3-5 years we should see natural gas more fairly priced to oil. Coal is pretty cheap now too I might add I was looking @ ACI recently and it is pretty darn close to its lows and trading below book, if the market was not over bought I would of took a small position already. I was under the impression tax reporting was going to be easy this year boy was I mistaken! I had to spend a few hours to create a new form (8949) in Excel errr. Without using Excel I would need a year to do one @ a time in a PDF. I am too cheap to pay the 20 a year to allow Adobe forms online to work with Excel, so I make my forms for the stock portion. Then I had to deal with the usual break down of the trades my broker gives me part which is always very time consuming for me, but not as bad as last year maybe only 30 pages filled up this year last year I believe I was over 50. Anyways when doing yours remember the stocks you bought prior to 2011 that you sold need to be on a separate 8949 form with B checked off. I have many accounts so I messed up one time not setting aside the trades I bought prior to 2011 on one of them and it caused me a little extra work.

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