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Re: schlitz post# 113

Wednesday, 01/19/2011 2:32:08 PM

Wednesday, January 19, 2011 2:32:08 PM

Post# of 2188
Yup, me too.

Even the anthropologist Toby Shute in his negative piece on Enercom evaluations at Motley Fool says we should be trading at two bucks. With him as the bottom and Enercom as the top we have a nice trading range of 2+++.

You have to like a negative opinion that says you are trading at fair value, lol:

"While my back-of-the-napkin estimate suggested $1.60 per share back when the shares were at $1.30, oil prices have run higher, and I also may not have given the firm enough credit for the overriding royalty interest it retains on the acreage sold to Chesapeake. Fair value could be closer to $2 per share"

In Edit, It is interesting that Toby gives a negative opinion about his previous opinion in that sentence....

db

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