Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Venoco
So what: I've yet to see a transcript of Marquez's comments, but chances are some Big Money investors were in attendance and liked what they heard.
Now what: Fools would no doubt like to see what it was that drove the buying. Right now, they're on the fence with this energy stock, giving it three out of five stars in Motley Fool CAPS. Or maybe there's no need to wait. Venoco trades for 10.6 times forward earnings, a noticeable discount to the long-term annual earnings growth Wall Street expects. Would you buy at these levels? Weigh in using the comments box below.
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