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LGL8054

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LGL8054

Re: None

Tuesday, 07/24/2012 1:48:42 PM

Tuesday, July 24, 2012 1:48:42 PM

Post# of 153
It's starting to happen...

In yesterday's biggest energy news, the Chinese supermajor CNOOC just bought out Canadian natural gas and oil producer Nexen for a 60% premium! That puts its P/E at 27.85.

(For comparison, ExxonMobil sports a P/E of 10; BP sports a value of 5.)

Look for more of these deals coming down the pike.

The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY

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