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

To: E_K_S who wrote (62285)	8/1/2019 6:15:26 PM
From: Spekulatius	1 Recommendation Recommended By E_K_S Read Replies (1) \| Respond to of 78670

re CNX - I sort of keep track of it, but never bought shares. I was looking for an infliction point with respect to FCF, which never came LOL. With $2 and little change/ mcf in the Northeast, I doubt that any player can make real money. The more interesting bets are the Canadian companies SU and CNQ. The latter has a 10%+ FCF yield right now and pays a ~4.5% dividend. They bought some heavy oil assets from Devon for 3x cash and can fully financing from FCF this year. These Canadian companies have done a way better job to live within their means, consolidate and reduce costs than the frackers, imo. I am close to pulling the trigger on CNQ. note that Buffet owned SU at some point too, which is sort of an endorsement.