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

To: E_K_S who wrote (39688)	10/15/2010 2:07:33 PM
From: Paul Senior	Respond to of 78750

SSN. Reports in Australian $. All of their oil/gas holdings are in USA. There's no currency play as far as I can tell, because all revenue and almost all expenses are incurred in the USA (i.e. in US dollars). They've got A$ millions in cash, but this will soon be spent, and unless the dollar declines quickly and drastically, it won't make much difference to company net asset values. == Correction: I confused two oil plays. It's the Eagle Ford that's in South Texas that has the broad geographical expanse. I wrongly wrote Three Forks - that's a North Dakota Bakken play.