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

To: Paul Senior who wrote (42855)	5/30/2011 5:34:27 PM
From: Bordeauxman	Read Replies (1) \| Respond to of 78670

I have perhaps 50% of these selections. Like you, I'm taking a broad brush approach. Some misses, many more hits or higher payout hits, I hope. Focusing in the hot areas, Eagle Ford, Bakken, etc with low acquisition costs. Are these listed in any particular order? Perceived value? In any case, where would you put additional money now?

To: Paul Senior who wrote (42855)	5/31/2011 1:29:56 AM
From: E_K_S	Respond to of 78670

Hi Paul - My E&P Basket has 18 positions and it is up 4% (based on my cost vs Friday's market close). I have booked another 1.5% gain on sales and other option income. The gain is mainly from selling 50% of my MHR which was called away in May @ $5.00/share. Use the WCAT index to compare your results. My E&P basket tracks this index pretty closely. I will try to post my holdings and their % of the basket when I finish updating my spreadsheet. --------------------------------------------------------------------------------------- Jefferies TR/J CRB Wildcatters Exp&Pr Eq (WCAT) - The INDEX is designed to track the overall performance of a universe of listed U.S. and Canadian small and mid-capitalization companies engaged in the exploration and production of oil and natural gas. WCAT is a pretty good INDEX to look at for how the small cap E&P stocks have performed. When you compare to the S&P 500 YTD it shows the wild correction that the E&P small cap companies have had. Now look at the 1 year gains (still very positive for the year). YTD Chart: S&P vs E&P Small CAP finance.yahoo.com^gspc;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=; 1 Year: S&P vs E&P Small CAP finance.yahoo.com^gspc;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=; ----------------------------------------------------------------------- I still believe there is a lot of value in these names. As long as crude stays above $80.00/barrel, they all make money (on both old and new wells). The wild card (at least in my picks) is how successful they are in their new wells scheduled for completion in 2011-2012. As you can see from the 1 year chart of the WCAT index, another 10% correction could be on the table. This could provide another buying opportunity for more of the quality names. EKS