Energy Prospectus

anybody see this presentation? stock is trading down while oily's are up. couldn't find any negatives. am i missing something?

http://files.shareholder.com/downloads/ ... 0FINAL.pdf

Raymond James downgraded EXXI yesterday. Nothing company specific, they just lowered their oil price deck and cut several companies.

RISK: Energy XXI looks very good to me but it does have a lot of hurricane risk since its assets are all in the GOM.