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Gold/Mining/Energy : Richland Petroleum Corporation Class A [ RLP.A]
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To: buylowsellhigh who wrote (2)3/29/1998 12:05:00 AM
From: T Lamos  Read Replies (1) of 8
 
Displaying my contrarian side, have bought a small position as a long-term hold (2-3 years) in the beaten up oil producer sector. The current price is about as low as it's gonna get in my view. Looking for a double by selling time - perhaps even a year earlier than planned if the price of oil recovers and stabilizes at the $20 level & if the company meets anticipated production levels. Will be posting a few more notes in the near future to share my findings and reasons for investing in this down-trodden company that's now turning the corner with a revitalized management.
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