Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Razorbak who wrote (82822)	12/27/2000 11:36:12 AM
From: warren harris	of 95453

Does anyone have any thoughts on GRKA - Greka Energy, a California based E&P. The stock seems to have traded flat over the past several months in the 12-14 range after a run up from the 7's. From what I can gather the company produces heavy oils from a California field to provide feedstock for its asphalt refinery in California. In addition they have interests in gas fields in Louisiana, coalbed methane in China and other interests in Columbia. Horizontal drilling technology they acquired from Amoco is mentioned several times as a critical component of thier plans. Having entered them once last fall in the 9 range and selling in the 12's, I was considering a re-entry, but not having heard them mentioned on the thread, I was wondering what others may think and how they compare. Most of my re-entry's and a lot of initial entries usually prove me wrong in my thinking. (VBG). Thanks for all the the knowlege shared on this thread over the past year, and for a "real" education in the oil/gas business. A Happy and Prosperous New Year to all! Warren

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