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CanadianValue
CanadianValue
Articles (4624) 

The Warren Buffett of the Energy Industry (Ken Peak) Discusses His Company and the Energy Industry

June 29, 2012 | About:
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%



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.3/5 (9 votes)

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