9/04/13: Breaking the Cycle of Prudence
With its low production costs for natural gas that now roughly stand at breakeven, Cimarex could easily surpass expectations if natural gas prices conform to the forecast and remain above $4 per MMBtu for the foreseeable future. This company is a solid, conservative play on rising natural gas prices.
I’m adding Cimarex Energy to the Resources sleeve as a buy under 76.
In a strong financial position and benefiting from secular shifts in asset allocation, Daiwa Securities Group is a new member of our Long-Term Portfolio, as a buy up to JPY1,150 on the Tokyo Stock Exchange or up to USD11 on the OTC market.
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