GREY:AVNDF - Post by User
Comment by
spazzmanon Oct 04, 2011 9:48pm
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Post# 19119429
RE: RE: All time low of $2.95...
RE: RE: All time low of $2.95... Hanging in. One analysis on BNN said "the best thing for low oil prices is low oil prices". Looking for a bottom to form then I am averaging down on an up tick. Is anyone concerned that the payout ratio is 7.7x earnings? I am buying because this stock, like many energy stocks is too oversold. Looking to buy Daylight as well.
Daylight Energy was recommended on Friday's Market Call by Dennis Da Silva, then "don't buy" by Ron Meisels on Monday, today Peter Brieger view on Daylight and oil "Taking the past peak price of oil, $40 in 1980, and inflating it at 2.5%, you would have a price of $88. Feels that oil is undervalued. Daylight is doing all the right things fundamentally, however the complaint is too much debt relative to the amount it wants to spend on development, lands, acquisitions, etc. He disagrees with this and remains a staunch buyer. Could be a cut in distribution."