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

To: Paul Senior who wrote (36558)	1/28/2010 7:36:01 PM
From: Madharry	Respond to of 78740

I was burned badly holding on to my oil and nat gas through some severe declines, and since im on margin already and have some small underwanter o&G plays im reluctant to part with, i decided to get out of the way for now and thus have more abiity to absorb what i hope will be temporary declines in the metals where i have very large exposure. I also now have some oil and gas exposure via BRKB. you may want to look at fcx if you have appetite for some metal exposure. its looking cheap. The market sentiment is decidedly cautious now. I bought a few cheap yahoo calls in the hope that all the that money is wrong.

To: Paul Senior who wrote (36558)	1/29/2010 12:26:30 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78740

re XOM - I agree it's looking cheap relative to recent history but not relative to other oil stocks though. I compare XOM PE of around 11 and the 2.5% dividend yield with TOT (just to name one example) 8 PE and 5.3% yield, I am having a hard time paying for such excellence. I was somewhat disappointed with the XTO takeover too and the fact that they paid full price. I thought it's a good time to acquire assets for cheap. So I think I'll take a pass on XOM. Besides TOT, MRO looks good to me and I bought some shares recently. Nice production growth over the years and assets in Westafrica, Bakken and Canadian oil sands. Refining is hurting but 75% of MRO's value is in the upstream segment according to MCDEP.