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

To: ValueGuy who wrote (41782)	3/16/2011 9:30:50 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78567

Faizul, I have hard time comparing E&Ps head to head. There are just too many differences: reserve size and composition, location of reserves (including geological, geographical, onshore/offshore, political), quality of reserves, future potential, capital needs, existing and future cash flows, etc. Some of these are not even predictable since companies buy new fields, sell existing fields/wells, etc. I find EGY attractive and I am buying at these levels. POEFF is not cheap enough for me. But that's just my very very subjective opinion based mostly on financials. It's possible that I am completely wrong. If you like both, buy both. ;) I am very much a diversification advocate with E&Ps, since IMHO there's too much risk of a single company hitting an exploration/production hole like COPJF did, for example. Maybe someone else can comment here. Or you can ask on the Big Dog thread.