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

To: E_K_S who wrote (41102)	1/19/2011 11:46:44 AM
From: Paul Senior	1 Recommendation Respond to of 78667

Small e&p's: I have them mostly in taxable accounts, and I'm planning to hold each purchase for at least a year. It may take a couple of years to see which of the small companies can grow and which will fall aside. While gas prices are low now and this commodity has seen many boom/bust cycles, it does seem to me that with the newer drilling technologies we may see supply and possibility of increasing supplies to such an extent that gas prices will remain very low for all producers in almost all areas (most USA shales) for a very long time. In other words, I'm not so sure about a reversion-to-mean this time. If oil prices fluctuate between $80-110/barrel, my portfolios are really going to be volatile, given the weighting I have in oil. Mentally I accept that; emotionally I'm not so sure.