New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
The Warren Buffett of the Energy Industry (Ken Peak) Discusses His Company and the Energy Industry
Posted by: CanadianValue (IP Logged)
Date: June 29, 2012 10:16AM

Peak’s core beliefs:

- The only way to survive in bad times and prosper in good times is to be a low-cost provider

- The value creation event in the energy business is exploration drilling

- Gulf of Mexico drilling when successful is extremely profitable because of low cost vs. size of prize

- You can’t leverage up an exploration company, it will come back to haunt you in this cyclical industry

Why a value investor should love his company Contango (MCF):

- Manages for value per share value creation, no point in just getting big

- Does not receive or issue options

- Has reduced share count by 2 million shares over the past two years which has increased each shareholder's ownership interest by 15%




Stocks Discussed: MCF,
Rate this post:

Rating: 3.3/5 (9 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide