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: Paul Senior who wrote (24057)	6/6/2006 10:56:04 AM
From: Madharry	Read Replies (2) \| Respond to of 78659

I have a good size position in CHK. I just bought some shares in pxd for the following reasons: 1. repost from yahoo: activity in late May. Let's try to think this through, and post your well-thought-out and supported comments. Open the link below to see that Mr. Sheffield (CEO) exercised options for 332,000 shares of pxd on 5/30. Also note that he transferred 5,000 shares of phantom stock to pxd shares on 5/25. That's about $13.5 million worth of pxd stock that he has converted to liquid assets. Could it be pre-sale house cleaning, or is it just yet another in a string of perplexing coincidences witnessed in the last few months? Let's recap; in recently board-approved amendments, management/directors now have insulated themselves personally from possible pxd shareholder litigation against them; and a review of insider stock activity confirms a very consistent pattern of feathering their own nests at the expense of their shareholders. Then, add the 13 month failure to file a defense in the $1.2 billion lawsuit, the recent drop in pxd share price resulting in a market cap decrease in the approximate amount of that undefended lawsuit liabiliity, and the recent pxd buyout rumors. I can't read the fine print, but as Dan Rather said during Watergate; if it looks like a duck, walks like a duck, and quacks like a duck; you got a duck!!! After reading the "Business Week " link below, what are your alls' thoughts regarding a buyout of pxd by xto soon? sec.gov ardoc.xml 2. the company is heavily owned by value funds such as southeastern. 3. I own lots of units in MOSH.OB which is the subject of the major lawsuit against pxd alluded to by the yahoo poster. As always do your own dilligence! Also picked up a few more shares of QEE on the drop today. Golds continued increase in dollar price seems inevitable to me as the dollar stops being the international currency of choice.