GREY:BXEFF - Post by User
Comment by
Steelhead15on Dec 09, 2014 11:14am
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Post# 23210505
RE:BXE Discount........as it stands.
RE:BXE Discount........as it stands.BXE is really cheap now in terms of fundamentals. Odd how our debt looks high given the current market cap.
I've looked at a few charts of O&G I've made money on- most look like BK is approaching.
Orange looks like they had no idea what was coming. But that is from my limited knowledge.
The big O&G majors have lots of cash. Companies are onsale. The best plums will be gobbled up by majors. The average deals will probably drift around as companies which got overextended. I'd imagine the XLE pipeline will be very important for BXE cause it holds down pricing. I think the Repubs. in US are looking at ways to get elected but the XLE now looks like it would be bad for US jobs in O&G.
Maybe the best suitors are Asian.
Russia makes most money from O&G. This could be killing them. A Russia BK would affect banking.
This has become "Blood in the Streets".