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

To: Sergio H who wrote (47187)	3/24/2012 3:59:03 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78484

Thanks. Helpful information. I'm interested in buying stocks of local banks involved in shale plays. I've not found any small or regional banks dealing primarily within the Bakken or Niobrara areas. I see now that WFC though, with its geographical diversity, has operations in several such areas. I hold a few shares of WFC. I regret I've not added more after only buying a very little for a tracking position last August. I'm considering adding more now -- although I feel I'm very late. On the one hand, the company/stock should do okay over the next five years (my estimated holding period). Otoh, the stock's already up, and in a market correction this year, it may fall back again to provide a good or better buying opp. Fwiw, for the Eagle Ford shale and infrastructure, I recently did step up to buy a few shares of Cullen-Frost for a tracking position. CFR has no branch operations outside of Texas, so it should be a direct beneficiary of improving oil and gas business in Texas. I don't claim either of these stocks is a value at their current prices and metrics.