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

To: Bocor who wrote (46815)	2/29/2012 4:45:53 PM
From: E_K_S	2 Recommendations Read Replies (5) \| Respond to of 78517

Yes and Gold had a big drop too. So my 25% allocation move from Gold to NG worked out at least for today. I am still not sure if XCO is the best way to play the NG asset. Gold 1,696.90 -91.50 -5.12% Gold Falls in ‘Manic’ Plunge as Bernanke Damps Stimulus Bets bloomberg.com ------------------------------------------------------------- I am still open for other undervalued NG companies that owns a lot of the resource (in the ground) but are not loaded down w/ debt. If things get desperate enough, XCO could sell their Midstream operation to reduce debt but this is unlikely as it is the engine that is creating their positive cash flow. As I buy more XCO, I may hedge w/ writing covered calls. I am still thinking through my long term strategy on this commodity play. EKS