Undervalued Stock #1 ========== ------------ Cimarex Energy Co. (NYSE: XEC) ------------ Insider Name: F. H. MerelliInsider Position: ChairmanInsider Action: 20,900 shrs on 12/11/2006Insider Total Holding: 387,200 shrs -------------------------------------------------------Undervaluation Merits... P/E Ratio = 7.0 (Industry Average 13.2)P/S Ratio = 2.23 (Industry Average 5.76)P/B Ratio = 1.08 (Industry Average 3.0)P/CF Ratio = 4.20 (Industry Average 12.2) -------------------------------------------------------Other Merits... Dividend Yield = 0.40% -------------------------------------------------------Other Drawbacks... Recent Analyst DowngradeMissed Analyst Earnings Estimates Last Quarter ------------ Cimarex Energy Co. (NYSE: XEC)