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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (50237)	12/3/2012 7:49:55 PM
From: Paul Senior	Read Replies (2) of 78702

Re e&p's: My order for more PWE is still in --- trying to get more shares closer to 12-mo. low. I may up my buy price. I am considering adding to EOG. Congrats on timing success with SSN. I still hold some shares--I had cut back my position. I have been buying another Aussie company that explores in US/Canada -- Molopo Energy. MPO.ax expects to have $72M in cash year-end. This, on 246M sh. out., is $.29/sh. And with the stock at A$.43, I'm hoping/guessing this cash gives them enough of a bankroll to fund their drilling program and maybe get lucky with it. I'm also adding to Iona (IONAF/INA.v), which seems to be a very cheap stock vs. their nvps and potential going out a couple of years.

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