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2008-08-23 — bloomberg.com
With oil prices beginning to recover lost ground -- crude oil for October delivery rose as high as $122.04 a barrel yesterday -- these managers may ultimately be proven right. In the meantime, energy stocks are a bargain, with many trading at discounts of 20 percent to 40 percent to intrinsic net worth, said Tom Biracree, senior financial editor for IHS Herold Inc., a Norwalk, Connecticut, firm that provides data and analysis on the valuation, strategy and performance of oil and gas companies. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |