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

To: Paul Senior who wrote (121421)	6/5/2009 4:58:52 PM
From: GREENLAW4-7	Read Replies (1) \| Respond to of 206114

Paul, its not just ESV its all the shallow water GOM/NG drillers. I noticed they have a high bv but look at the price on a historical basis and its currently in contraction phase These shallow GOM drillers are not quick turn arounds because of the massive over builds. These stocks all went to single digits the last 97-98 oil crash. Today many of these stcoks are trading 4X that level, simply put they are very, very expensive. The OSX also I believe is extremely overvalued and setting up for a large ABC down. Do you remember Global Marine? Not trying to single out ESV but at 40 dollars in this enviroment is crazy, and I am not a buyer at this level.