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

To: E_K_S who wrote (41712)	3/12/2011 6:20:24 PM
From: Mr.Gogo	Read Replies (1) \| Respond to of 78748

I am getting confused. As per google finance: google.com SSN has 1,654.96 million shares On the front page: google.com it says 72.02M shares. According to the presentation SSN have 255.3 M market cap, share price 2.63 255.3/2.63 = 97.07M shares If this is true: "$8.20/share (36.1 million bbls net to SSN)." then 97.07M shares X 8.2 = $800.556M / 36.1 = $22.17 per bbls This means that they base their valuation on 22.17$ per bbls??? Very nice but is it true? Where do I go wrong, EKS? Georgi

To: E_K_S who wrote (41712)	3/13/2011 12:22:43 AM
From: Madharry	Respond to of 78748

more like I decided to reduce my risk and when the price plummeted couldnt resist getting back the small amount of shares I sold. Im glad u and paul like it. i would love to see it go to $8. my experience with options on commodity plays has just not been good. even though it sounds good on paper, i find the the shares are often even more volatile than I would have thought both up and down. and in each case youre stuck. I got absolutely crushed a few year ago when chesapeake dropped from mid 60s to sub 20 when i had written calls against some shares. it had seemed like easy money at the time. and the volatility in slw has been gut wrenching. my guess is that if you write enough options perhaps it works out as the volatility gets smoothed out perhaps. but i think im leaving this to the experts for now.