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Gold/Mining/Energy : Range Resources (RRC)

RRC 36.34

+0.6%

Jan 23 9:30 AM EST

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To: Bucky Katt who wrote (46)	6/16/1999 9:36:00 AM
From: doug doan	Read Replies (1) of 82

I agree. What's more, I think RRC is still a bargain at $5 a share. The rig count for Gas wells is at an all time low ans is 50% lower than that of last year. This means that the gas will not be replenished in the storage tanks with as much ease as in the past. The real crunch will come late in the summer, early winter. When, not if, we get a normal winter in the East, prices are going to move sharply up for nat gas. ALso , encouraging to note that the conversion of utilities to more natgas is still moving forward at the same pace. So all looks good to me. I expect that this next quarter we show a profit and then we should be off to the races...

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