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Concho Resources, Inc. Message Board

  • shuki_sasson shuki_sasson Jan 26, 2012 10:19 AM Flag

    CXO one of the best stocks to invest this year!

    Their MOAT is a s sound as can be. CXO is very simple to understand:
    Their oil reserve potential is 360 Milllions Barrels (and growing as they purchase more drilling contracts).
    Their valuation is 10B their oil reserve valuation is 360M * 100 = 36B.
    So: you are buying 36B potential for 10B… (3.6 birds very likely in the hand).
    They know what they are doing and their success rate drilling in the Permian Basin Shale is 100%.
    On top of that Joe Teranova which is a savy OIL & Gas trader said the CXO is going to be a winner this year.
    Also: CXO cleared a cup with handle yesterday (IBD pointed that out in today's paper).
    CXO is a leader in its group and appears on the IBD 50.
    Conclusion: Go CXO!

    To your wealth!

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