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

To: Grantcw who wrote (39829)	10/30/2010 1:13:46 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78470

re TOT - well the 15$/brl valuation for proved reserves is sort of low when crude goes for 80$+ but TOT is also 20% higher than it was just a few month ago so that is a wash. FWIW, TOT had a good quarter and they earned 1.42$ (5.68$ annualized) so this stock is still reasonably cheap. I prefer not to change the valuation base too much based on spot prices. MCDEP future example claims to use the future curve and that would be a better proxy. Bottom line as far as TOT is concerned that I am holding my shares.