Energy Bargains with Longer Term Horizon
For those who are patient and have a 1-yr+ horizon, I really think we are getting lobbed a rare opportunity in energy. When I see profitable companies like ORIG trading with an 0.59 P/E while earning an estimated $2.39 per share this year and trading at $1.46/sh it just seems insane how sentiment has overreacted and I had to pick up shares today. I’m not much of a fundamental guy but these levels seem crazy.
Appreciate that Mark. Fun with someone else here who talks about specific companies. Nice!
Thanks, Mark. ORIG very interesting. I found a couple pieces on the fundamental side that might interest you:
http://finance.yahoo.com/news/ocean-rig-4q15-revenue-rise-130644798.html
http://marketrealist.com/2015/12/ocean-rigs-3q15-earnings-results-revenues-met-expectations/