Edited by Cirrus, 16 August 2007 - 09:25 AM.
Just Backed Up the Truck and Bought NXY
Started by
Cirrus
, Aug 16 2007 09:20 AM
3 replies to this topic
#1
Posted 16 August 2007 - 09:20 AM
It's a LT investment. I'm familiar with the fundamentals....this thing is going a LOT higher. It's highway robbery to be able to buy at these prices. It's selling at an approximate 50% discount to NPV. It has massively growing production and is a bluechip diversified oil. You just don't see that discount to NPV in the sector. I think there is a major disclocation among some funds.
Just reloaded on SA near the low---my favorite gold stock.
#2
Posted 16 August 2007 - 09:27 AM
divvy?
Mark
Mark S Young
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#3
Posted 16 August 2007 - 09:45 AM
Mark,
It has a tiny dividend for now. In 2 years it will be much much bigger. Again, this thing is a bargain...one of the few that will massively grow production and trading at a single digit PE. I keep asking if something is wrong here but I just think there's a dislocation.
#4
Posted 16 August 2007 - 10:00 AM
Exited SA puts and bought SA, too. Picking up gold/silver stocks for a trade (SLW, GG).
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