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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (46833)4/11/2012 3:52:20 PM
From: Spekulatius  Read Replies (2) of 78673
 
re HES @55.4$ - well I am trying this one more time and purchased a first lot today. Very negative sentiment on this E&P name but there is real value in this proved reserves and their land in Bakken. it is well know that they have not executed well recently but I think they can make Bakken work and ionce in a while they ought to hit paydirt elsewhere too. At current valuations we buying reserves for about ~17$/brl if my math is correct.
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