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


To: E_K_S who wrote (46817)2/29/2012 5:43:26 PM
From: Bocor  Read Replies (1) | Respond to of 78519
 
Have you looked at ECA? Not exactly a pure NG resource, but ECA owns interests in resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia in Canada. It also holds interests in resource plays comprising the Jonah in southwest Wyoming, Piceance in northwest Colorado, Haynesville in Louisiana, and Texas resource play, including east Texas and north Texas.

4% yield. Canada will take 15% of that unless it's in an IRA however.

60% of EnCana's 2012 production is hedged at $5.80/mmbtu level. Hard to imagine next winter will be as warm.

Meanwhile, ECA is one of the most efficient producers in North America which means it could survive this shake out better than most.

The stock looks like it has built technical support at slightly lower price levels, and "I love buying straw hats in the winter."

What is worrisome is the fact that ECA has cut 250 million cubic feet of daily North American production and could cut by up to 600 million cubic feet, or 20% of last year's output since it is unprofitable.



To: E_K_S who wrote (46817)2/29/2012 6:48:41 PM
From: Mr.Gogo  Respond to of 78519
 
Take a look at Aurico gold. They are developing a mine in ontario and it will be very efficient operation. No hedges and recently they made good acquisitions.

Georgi



To: E_K_S who wrote (46817)3/1/2012 10:12:58 AM
From: Bocor  Respond to of 78519
 
XCO up another 3.7%. Geezz....good catch!



To: E_K_S who wrote (46817)3/1/2012 11:39:15 AM
From: Lazarus  Read Replies (1) | Respond to of 78519
 
If you havent already seen this one - which I initially posted here at 25 cents - please take a look and offer your opinion.

around 113k shares were scooped up today at the ask of .50

in fact it was that offer that made me hesitant to add more. i suspected they might lower.

Ticker: INMG

imiglobal.com

latest filing:

otcmarkets.com

today's news:

finance.yahoo.com



To: E_K_S who wrote (46817)3/9/2012 8:43:21 AM
From: Bocor  Respond to of 78519
 
Wilbur L. Ross Jr.’s age (74) may concern potential investors of a new fund he is trying to raise, but it hasn’t prevented him from taking another board seat. Exco Resources named Mr. Ross, whose funds own 13.7 percent of the oil and natural gas company, to its board on Monday.

dealbook.nytimes.com