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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (96549)	2/8/2008 6:42:03 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206212

John, Edge Pete (EPEX) -- They would have been looking at these same metrics, except the inputs they were using were a lot higher than being used presently, since the harsh reality of such things as bogus PUDs had not seen the light of day yet. A lot of folks (both retail and institutional) are investing in energy these days without an adequate appreciation of the uncertainties involved. I see that EPEX is about 85%-owned by institutions, I didn't realize the % was so high. We tend to assume that institutional investors are more savvy than retail, have more research resources to draw upon, etc. But I believe that when it comes to E&P stocks, these investors can sometimes be just as wrong as retail investors, as shown with what happened here.