GREY:ROAOF - Post by User
Comment by
slamdanceon May 16, 2006 8:06pm
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Post# 10860650
RE: No place to hide
RE: No place to hideOn last thursdays ROBTV - Irwin Michael - Mr Value Investor said gas stocks are the safest place to be and are undervalued relative to oil(OT - He recommended CZE @ $1.00 with a NAV of $1.40 & 100% gas).
Only if oil prices drop substantially will gas stocks be FAIRLY VALUED. While oil may be vulnerable short term, gas is much less so.
And you can take that to the Royal Bank of Scotland!