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

To: Paul Senior who wrote (42252)	4/12/2011 6:58:51 PM
From: E_K_S	Read Replies (1) \| Respond to of 78705

Hi Paul - Trying to find value and stick to the theme. I am feeling much more comfortable nibbling at several of those E&P stocks as they come down to my price targets (I like to buy when they cross down below their 200MA). The value proposition remains strong as long as I stick with those companies that continue to find oil at a reasonable cost (many are able to hold their costs at $40.00/barrel or lower) and they continue to add to their proven reserves. To me, this is money in the bank. Knowing that crude could even go back down to $80.00/barrel, I have no problem adding to my basket as the "value" buy is still there. AXAS is one I missed and was on my watch list. I held off at $4.40/share in March as they announced a secondary offer at $4.00/share. They have some very nice assets in several key zones. I will nibble at a few shares if it should sell below $4.50/share. I have identified more possible stock sales in sectors that to me seem to be reaching fair value now (ie BKH & SE) and will pull the trigger once I have a place for the funds. It will be interesting to see how the market reacts to Obama's speech tomorrow and also where the Fed stands on QE2. I anticipate a continued sell off and then the resumption of the slow steady rally in natural resource companies. As I posted earlier, BHP is sitting with $50 Billion in cash ready to deploy (most likely in NG and/or oil assets) which could be the stimulus to get new money back into this sector. EKS

To: Paul Senior who wrote (42252)	5/3/2011 4:11:02 PM
From: E_K_S	Read Replies (3) \| Respond to of 78705

Re: Abraxas Petroleum Corp. (AXAS) (Started an initial position) Voyager Oil & Gas, Inc. (VOG) (added to my already larger position) Had to nibble at more of the beaten down E&P companies. AXAS is one I have wanted to own but missed it on it's way up past $4.25/share. Thought today's price at $4.63/share might make a good entry point. This is the lowest price I paid on VOG (@ $3.74/share) since I started buying. Both companies still have plenty of cash and an extensive drilling program planned for 2011-2012. My bet is they their new wells in the Niobrara region will pay off big. My E&P basket is now close to 85% filled. My large gains have dwindled down to being up only 18.85% (based on cost) but I am in this for the long term (at least 18 months). EKS