Billyspeed

Why XTO Energy Is Overvalued

You better leave the short selling to the pros. You sound like a typical amateur nervous short. Take a big risk for a tiny profit. Stick to a game you know which is obviously NOT selling short.


On Sep 30 02:49 PM Sean Hannon wrote:

> Today's price movement justifies my thesis. With a 5%+ move in oil
> (and natural gas higher on the week as well), XTO is slightly lower.
> I shorted the shares Monday morning at $41.85 so am currently sitting
> on a small profit. However, I will now be covering. Where XTO had
> refused to move lower with falling energy prices and was 2% overvalued
> versus my reserve value, I now see the shares 15% undervalued versus
> reserves given the large increase in energy prices. Having seen the
> market change, so will I and am currently covering my short position
> at market prices.

Why XTO Energy Is Overvalued

"As the market realizes this, XTO is sure to decline." Anyone who says that the market is "SURE" to do anything is a charlatan and not to be listened to!