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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: LLCF who wrote (14776)7/25/2003 11:57:55 AM
From: russwinter  Read Replies (2) | Respond to of 39344
 
I've added XTO and EOG yesterday and today on the sell off, as they have excellent NG leverage: 23% per buck NG on EOG and 17% for XTO. At $26 oil /$6 gas EOG sells at 3.2x EV/Cf in 2004,and XTO at 3.4 X.They are both quality names. A 50/50 gas-oil play is FST priced at about 2.3x EV/CF, a rather absurd valuation IMO. Don't wait, lock and load, this is a head fake.