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Strategies & Market Trends : Turnarund Investing

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Aug 1 5:00 PM EST

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To: bankbuyer who wrote (1175)	5/14/2012 8:11:15 PM
From: Covenant	Read Replies (1) of 1876

COP, DOW, and JNJ are all good companies. Do you have any mediocre ones? Also, I'm surprised to see COP and no other international E&P businesses. Many are trading at attractive prices. COP is heavier on US NG than most due to the Burlington acquisition. When oil prices rose, E&P stock prices for the most part did not rise much. However, now that oil prices are dropping, E&P stock prices are dropping with oil. It is hard to go wrong with a large international E&P with a single digit PE which trades below 1.5X book and has relatively little debt. Cash is rolling in and there are lots of levers which could be pulled if times got rough.

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