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

To: E_K_S who wrote (51598)	6/17/2013 12:53:54 PM
From: E_K_S	Respond to of 78752

Re: WPX Energy, Inc. (WPX) -NYSE TBV = $25.72/share WPX Energy Trades Below Tangible Book Value, Smart Investors Are Buying WPX is trading for approximately 75% of tangible book value. In a time when many of its peers are trading for 2.5X+ tangible book value, this is truly remarkable. Approximately 90% of the company's assets are net Property and Equipment. The net figure is only 60% of gross PP&E. Even more importantly, the property value on the balance sheet is not inflated by unsuccessful exploration costs. Stock has had a pretty good run. I was thinking of selling some shares if/when this trades at TBV. Maybe I should hold off as peers are selling at 2.5X their TBV, EKS