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 : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (22253)	10/12/2005 3:34:15 PM
From: - with a K	Read Replies (1) \| Respond to of 78567

Grommit, I posted this on XEC about 5 weeks ago on another thread. I since closed out my position for a modest gain, before this rampant selling. I may look to reenter. XEC: Independent with a PE around 11 and profit margins of nearly 23%. In June completed acquisition of Magum Hunter Resources, thus tripling its proved reserves and doubled its production. About 81% of proven reserves are natural gas. More than 80% of Cimarex's reserves are in Oklahoma, Texas, and Kansas. Has a strong record of exploration and development with rigorous collection and analysis of data by a top-drawer engineering staff. With higher NG prices, XEC could use the extra cash to aggressively pay off debt, which is low to begin with. Has low exposure in GOM; aerial surveys indicated that all operated platforms and producing structures are intact and appear to have suffered only minimal damage. Some of Cimarex's onshore Gulf Coast operations also suffered light damage. S&P rates it a buy with a $50 target. On 9/1 Lehman Bros. raised its target to $58 fro $52. Lastly, XEC has an unusually smart, civil, and sophisticated Yahoo message board, a bullish sign IMO.

To: Grommit who wrote (22253)	10/12/2005 4:35:41 PM
From: Jurgis Bekepuris	Respond to of 78567

I bought a small initial position of XEC today. I am looking to buy more XEC, IGE or other oil/gas plays if stock prices continue to drop. It's all gas Jurgis

To: Grommit who wrote (22253)	11/30/2005 4:55:23 PM
From: Paul Senior	Respond to of 78567

For those who follow BDC's, fwiw I took on a few shares of Business Development Company ARCC. Dividend, p/bk attract. FPA has a position, according to Yahoo. FPA is a group that the media bring up as value investors who are heavily in cash because they can't find anything to buy in this expensive market. (That they have ARCC must be a positive then. - I hope) Lack of much public history with this company, and more new issues (new startups) moving into this sector are negatives. finance.yahoo.com ---------- Still holding all shares of all other BDCs mentioned here previously.