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Cramer and EXXI
Posted: Mon Mar 10, 2014 5:14 pm
by bearcatbob
Cramer on CNBC is gushing all over - all over EXXI.
Re: Cramer and EXXI
Posted: Mon Mar 10, 2014 5:19 pm
by dan_s
It is definitely trading way below my valuation, but the market is so in love with shales that they ignore an offshore company like EXXI. It will be interesting to see if Cramer draws in some buyers tomorrow.
My Fair Value Estimate is $48 for EXXI and I am using just a 6X CFPS multiple to value it. EXXI fiscal Q3 revenues should get a nice boost from higher natural gas prices.
Re: Cramer and EXXI
Posted: Mon Mar 10, 2014 7:43 pm
by bearcatbob
dan_s wrote:It is definitely trading way below my valuation, but the market is so in love with shales that they ignore an offshore company like EXXI. It will be interesting to see if Cramer draws in some buyers tomorrow.
My Fair Value Estimate is $48 for EXXI and I am using just a 6X CFPS multiple to value it. EXXI fiscal Q3 revenues should get a nice boost from higher natural gas prices.
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