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: Fun-da-Mental#1 who wrote (48559)	7/29/1999 1:17:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

BR, NBL, EOG, DVN, NFX all up strong & per Bloomberg: The Institutional move to the E&P's is starting - first the biggies then the small fries... Gasoline demand ''soars'' - gotta like it when they start talking ''demand'' versus declining storage levels - allthough, storage levels are down as well... quote.bloomberg.com Institutions buy the E&P fav's today strongly - BR NBL Enron DVN NFX all up $1-2 today... I still say "RRC" is the ''Trader'' here.... the Street is lightening the load prior to earnings... down under $5 1/2 from $7 of late. Looks like a 40% ''freebie'' to me; and it ''IS" only a matter of time untill RRC returns to $7. RRC $7.40 NAV - with a 110-130% of NAV being the benchmark valuation... Deutsche Bank sets new upgraded price target of $10 ! and the stocks is selling off prior to earnings release !.... this is another individual investor advantage; play these retracements by the Fund Managers - buy them, trust the story & the fundamentals... we don't have to play this game; we can however take advantage of it... like a parasite on a shark's belly...(VBG) Year 2000 cfps is est @ $3.00; $5 1/2 here is a G I F T folks !!! 1.84 times cash flow per share ??????? ... Time to load the boat on RRC ??? --- lend me Noah's Ark - and I'll fill it (VBG) ! By any valuation metric; Price/ NAV, cfps multiple, growth rate, reserve life, EBITD multiples etc - this S C R E A M S - Buy Me/Trade Me ! .... Deutsche Bank is one of, if not THE most conservative analyst group on the Oilpatch of late; if ''THEY are pounding the table on RRC here - ''we'' need to listen - and buy the livin daylights out of it ! .... do it - get it done ! This new venture with First Energy is a W I N N E R for RRC ! - this is a 40% freebie by XMAS - or I never post again ! (VBG).... PS - Post Patrol & SargeK - don't short it for that reason (VBG). good luck all - the 'ole hair is standing up on my arm again, the adrenalin is pumping and the sweet smell of bubbling crude $$$$ is in the air again.... HOOOOOOOOO HAHHHHHHHHHHHHHHH ~

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