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: RBlatch who wrote (49413)	8/17/1999 4:42:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

<< Both of these stocks are money in the bank as much as a stock can ever be.>> Blatch; I agree ! ...great point on MEXP's bank payments as well - very good point. RRC is a freebie - a given imho, for a break out through $7 in Q3 sometime - off of the closing of the JV with First Energy at the end of September and with any guidance to analysts from the CEO's quote-unquote, ''significant'' cash flow increases to be realized in Q3 & Q4. These guys have accessed new credit lines, sold non core properties - reduced debt significantly - signed the JV with First Energy and we have a virtual ''money in the bank'' - near 30% bounce back, just to its recent high of $7 ... the RRC play for what I see as a potential 30%+ short term pop is by far my largest holding and I see RRC outperforming comparable driller/service stocks near term. I'm just not seeing many comparable 30% ''freebies'' that are both fundamentally supported valuewise in the service & driller sector & also are supported as pullbacks from recent highs. I am waiting for any pullback in FLC here and will ride their leverage first & foremost on my re-entry/rotation back into the OSX stocks. PS - anyone notice PGO's quite little march of late - remember when it was getting killed. Was it Merrill's or SSB's table pounding & a $30 price target into the face of that blow off at $12-14ish - someone deserves kudo's on that call - took guts - super company - love the FPSO leverage and they OWN the deepwater seismic niche... VTS surely cheap longterm as well - definitely has near $3 eps potential in an up market - and they will be the primetime player in the upturn in land & shallow water nat gas drilling. John Bollinger and now Marshall Acuff touting Energy- Nat Gas & driller/service stocks on CNBC - we could run here again off of some nice supply drawdown news... Nat Gas stocks are now on everyone's buy list. ... now with those words from RBlatch - I'm going to get some sleep - with thoughts of ''money in the bank'' on my mind (VBG).

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