GREY:LSTMF - Post by User
Comment by
jerrybeon Nov 02, 2014 3:53pm
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Post# 23086691
RE:RE:RE:RE:RE:RE:RE:RE:Wright sizing
RE:RE:RE:RE:RE:RE:RE:RE:Wright sizingThanks for the input AI42.
For my part, I will keep my LTS shares but use my fresh money to diversify away from it. Much lower than $2.6 would basically mean bankruptcy. I think we are far from that point, unless we get a sustained period of time at $60, which IMHO is unlikely. That would basically bankrupt half of the major oil producing countries.
I do not want to admit defeat but defeat I have because even if we recover a $5-$7 range, we would still be much worse off than if we had bought EOG or another much better run firm in the oil patch.
One other firm I like a lot (given current low valuation) is ECA. It seems the turnaround occured spectacularly fast but given their timing of ATHL's acquisition, they got destroyed with the others. Their asset base is almost as good as EOG or PXD but their EV is multiples lower. It seems they could for instance split their US operations and obtain a much higher valuation. Let's see, this week is earnings week for many of those firms. Lots of updating to do. GLTA!