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

To: donc who wrote (111386)10/9/2008 1:02:52 PM
From: Elroy Jetson  Respond to of 206352
 
Thanks. When the article was published on July 1, 2008 the study indicated that 46 E&P firms were 6% over-valued.

They were selling for a 47% discount if you made happy assumptions about unproved reserves.

Of course oil and gas prices have declined since then along with stock prices.

The profitable firms will be those without debt, or close to it, and low production costs.
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