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


To: Dale Baker who wrote (111898)10/15/2008 1:19:18 PM
From: SliderOnTheBlack5 Recommendations  Read Replies (1) | Respond to of 206222
 
re: ["So which EP's are a screaming buy based on their
reserves at $60-70 oil and $6 NG?"]

No schadenfreude intended here... but, nothing attracts
sharks like blood in the water (or, in the streets).

I think the margin calls of Simpson/XTO, McClendon/CHK,
and now a director from KWK, is about as bloody as it gets,
(let's hope so).

Message 25070613

Kind of an ironic round trip for XTO's Simpson...

For the old SI Strictly Drilling threadsters, some of you
may remember Simpson's controversial foray into buying shares
in other E&P companies with XTO funds back in '98, pounding
the table on how far undervalued many of them were.

Deja Vu all over again?

...only this time, Simpson won't be doing the buying.

S.O.T.B.



To: Dale Baker who wrote (111898)10/15/2008 1:52:13 PM
From: schzammm  Read Replies (1) | Respond to of 206222
 
Dale my first choice would be (WLL) Whiting Petroleum which owns great assets in the U.S. that IMHO is a value without the risk of nationalization. With a PEG ratio around .60 and growing production. Of course the CL price is imploding.

stockcharts.com

Disclosure: I started a position today at $38.50

Best

PS also picked up some ARHpB today.