GREY:CAZFF - Post by User
Comment by
tobagocaton Jul 27, 2014 8:31am
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Post# 22785246
RE:RE:RE:RE:RE:D*ck Davis Digest letter #759 Mid year stock picks features
RE:RE:RE:RE:RE:D*ck Davis Digest letter #759 Mid year stock picks features
Naga00--IMO that is a very conservative forcast.
Oil--It will have its retreats but overall the trend will be higher regardless of geopolitical events. It is a finite commodity and the easy cheap oil have diminished significnatly.
Management---CEO very well known and respected in the field. Although one cannot predict the future of oil prices, extaction costs and the overall economy, I would have to believe the management is under the opinion that the company is significantly undervalued at the present moment. My opinion--IF the company sold, it would be greater than 1 dollar.
The Debt level is very managable.
Stock is very liquid
Any excess Capital goes either into the ground or reduces the Debt.
Barring any economic collapses(which is very possible) to find oppertunities such as this in today's overvalued markets are difficult to say the least. Waiting on an update and numbers. Should be very interesting.