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Those who say short are foolish enough to think people will follow their suggestion.The poster who said the value is there and used the fact that the price stayed up even after buyout offer expired is more correct.This is currently a hold. Its worth about $30 if you look at the assets but there are better buys in energy business. EAC and XEC are two of them.Still its not a bad investment.
Today when the DOW was down 158, all my oils were down, however EPL held significantly better than the others. I take this as a continued vote of confidence.EPL -0.54%XTO -1.24%NBL -1.31%DVN -1.39% NBR -1.65%