Silicon Investor (SI) -- The First Internet Community

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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (1037)	9/4/2001 9:06:17 AM
From: Frank Pembleton	Respond to of 36161

Roebear, yeah... I laughed when I seen the story, the reason I picked AXL over the others was because I thought the price of the stock would fluctuate more. Anderson has about $3 billion + in long term debt, I really thought no one would touch it, and I find the idea of leverage to be quite entertaining. I'll rework the numbers with another stock, my criteria remains the same -- high debt load, unhedged, levered to NG and a lousy P/E. The timeline for taking a position is still the beginning of December. I think Devon is doing the right thing, I don't believe there is enough base-line generation in place for this winter. -- JMHO Regards Frank P.