1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
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)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


Innerwestrelausstocks
pbarker46FCF Margin
rod1z....Dec 04 FOURTH Try
rod1z....Dec 04 Third Try
rod1z....Dec 04 Second Try
rod1z....Dec 04 First Try
jeanstemarieJapan growth fair value
pbarker4610 Profitable Years
jeanstemarieJapan momentum
rael22220
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)
FEEDBACK