Is it just me, but it seems like the stock has rallied since Buffet sold a large portion of his holdings!!
Sentiment: Strong Buy
They are also not constrained as much by the "oil company law of large numbers."
It is really, really hard for XOM or CVX to do something that can "move the needle" on production or reserves.
maybe, at $100, still have $24 to go, or 30% gain ahead. based on the expansion of pe, it is doable.
Just goes to show that he's not ALWAYS right. I'm glad he's gone. Makes me ill to see the way they fawn over him on CNBC.
Eagle Ford will make us a lot of money for sure. $40 to $50/barrel profit margin
I mute my TV when they bring him on. Sorry, but I don't see the need to listen to him. I never have acted on anything he has said. I have done very well without him. :)