Do You Have to Treat Energy Differently Than You Would Treat Energy?

Energy stocks are kind of in their own world now, because we'll just give you one example. Continental resources, in two thousand and 18 when oil was 70 dollars a barrel, piked out at a price of 68 dollars a share. Oil's 80 right now, and we don't even know where it's going to go, and the stocks trading at 52. We believe that that spread, or our margin of safety, is the fact that so many people have flooded out of any participation in oil and gas. Its the kind of thing that peter lynch loved. He liked to own a stock that went way up and nobody loved it after it went way up.