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

To: Paul Senior who wrote (46918)	3/7/2012 1:30:25 PM
From: reno4	Read Replies (1) \| Respond to of 78519

What do you think about C&J Energy (CJES)? Price 18.75 Trailing PE 5.88 Forward PE 4.09 No debt 85% of business from hydraulic fracking and operates 6 fleets (2 are contracted until mid 2012, and 4 until 2013). From what I read the current contract prices are good and will likely decrease in the future as more fleets come on line. I guess the main question for me is how successful they are going to be in continuing to increase their fleet size and maintain profitable contracts. cjenergy.com seekingalpha.com