Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: E_K_S who wrote (48345)	6/20/2012 3:21:52 PM
From: Spekulatius	1 Recommendation Read Replies (7) of 78748

WPX is very cheap and has a good balance sheet for a gassy play., trading for ~0.8$mcfe of gas in the ground. They also have somewhat wet gas and a few crude reserves. The question for me though - why bother with NG companies that want to transform themselves into wet (NGL) and oily plays, while the more oily plays like HES, APA, MRO and DVN are already dirt cheap? HES trades for ~10$/BOE (>70% crude and a lot of non US gas) for example. APA just had a very good looking Investors presentation where they make a credible case for high single digit reserve growth without stretching their balance sheet. they have been a very good operator over the years in good and bad times and i would gladly own some at ~80$/share (my target) I own already enough HES but APA and to a lesser extend DVN look like good plays to me. I sold COP because it did not fall as much, due to it's dividend but trades at a somewhat higher valuation in terms of proved reserves (~20$/brl proved with quite a bit of North American NG)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next