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

To: E_K_S who wrote (38651)	7/30/2010 10:01:30 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78746

EKS. Yes, North Dakota and other states. As regards North Dakota, I've looked at every public e&p company I could find that has oil operations and/or land holdings there. I have a few shares I'm just tracking in some of the big obvious characters - EOG, CLR. Like you, I've a position in MDU, which I'll add to if stock drops. Am just holding a few shares of the smaller e&p's, such as GEOI, KOG, AXAS. My preference and focus now is the smallest e&p's, especially if they are foreign owned, which I suspect may make them somewhat obscure or unknown to most US investors. (And with that, it may be a positive for somebody trying to accumulate shares now.) AEI.to would be an example. Some of these smallest e&p stocks trade very low volume with wide bid/ask spreads. Everyday, I have orders in to buy as I slowly try to build positions.

To: E_K_S who wrote (38651)	8/1/2010 10:12:11 AM
From: E_K_S	Read Replies (1) \| Respond to of 78746

ONEOK Partners, L.P. (OKS) ONEOK Partners to build up to $700M of NGL projects ogfj.com Published: Jul 27, 2010 Investments Include $450-$550 Million for Bakken NGL Pipeline; Related Expansions of Mid-Continent Fractionator and Overland Pass Pipeline ===================================================================== This is exactly the company I have been searching for with substantial investments in the NG gathering business. They are one of the smallest of the majors (market cap of $7 Billion) but are well positioned for future growth. finance.yahoo.com At current prices, this one is not really a value play. With a PE of 20, it sells at the industry average and twice that of other major competitors (ie EP & ENB - I own both). The company does generate excellent cash flows and still yields 6.6%. I might be interested if OKS sells back down to $50.00/share. I will put it on my watch list and look to buy a tracking position on any sell off. EKS