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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (26124)	2/23/2007 1:35:01 PM
From: Madharry	Read Replies (1) \| Respond to of 78702

not to beat a dead horse but that pv10 valuation is based on $4.10 Gas if memory serves me correctly. If you use $7.75 you get a much bigger number Im pretty sure. if they are spending $2.40 and selling for $7.750 it reminds me of the guy who wasnt very bright in high school. at the 25 year reunion he is the wealthiest in his class. When queried has to how someone who did so poorly in school became so affluent he responded that he wasnt too good with books so he went in the meat business buying steaks steaks at $1.00, marking them up 4% and selling them for $4.00 and he managed to do ok.

To: Spekulatius who wrote (26124)	2/23/2007 2:07:03 PM
From: Madharry	Respond to of 78702

listening to their conference call they anticipate their average selling price for ng in 2007 will be about $9.00 because of hedging. I only see higher prices for this company in 2007. So once again we agree to disagree. I see this is as an excellent big cap company with lots of hard assets and a pe ratio of under 10. I see no reason why it cant be 40% higher.