<Some Predictions from the Time when Today Was the Future of Oil The Oil Drum Why We Drive>
<DrumBeat: December 12, 2006 DrumBeat DrumBeat: December 14, 2006>

208 comments on DrumBeat: December 13, 2006

Comments can no longer be added to this story.

Show without comments | PDF version

tate423 on December 13, 2006 - 2:20pm Permalink | Subthread | Parent | Comments top
Except that RSA indicates this stock is currently over valued.  Not that that matters if you locked in at a lower price.  Based on some minor technical trading info I have begun to use hardcore, this could have been picked up for less than 64 as late as the end of Nov, but not right now.  This market will breathe at the beginning of next year sometime in the first quarter and that will be the time to be buying, IMHO of course.
Comments can no longer be added to this story.
Robert Rapier on December 13, 2006 - 3:09pm Permalink | Subthread | Parent | Comments top
RSA?

FYI, I loaded up at $58. Technical traders will note that it has traded between $58 and $72 this year, but COP is currently trading at a significant discount to the other majors. Historically, the reason for that is that capital spending has been higher than Wall Street likes, but the capital budget is being scaled back next year.

Comments can no longer be added to this story.
elwoodelmore on December 13, 2006 - 6:27pm Permalink | Subthread | Parent | Comments top
i dont see why it is trading at about 7 times earnings  some analyists have pointed to their debt   but it is not that significant  imo    if you want debt look at apc or ep  now there is some debt   oh yeah that earnings growth thing   and then why walmart at what 19 times earnings    walmart is a fav of mutual funds   ho hum
Comments can no longer be added to this story.

208 comments on DrumBeat: December 13, 2006

Comments can no longer be added to this story.

Show without comments | PDF version