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: stock talk who wrote (49745)	8/23/1999 4:47:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

stocktalk; re: RRC - why ? First; I really do NOT recommend anyone taking this type of position - my risk orientation and goals are similar to less than 1% of other trader/investors. Second; I have done more research, and have more third party info on this company than ANY other company I have EVER researched - period. I am 110% supremely confident in making what has to be termed a ''bet'' - and again, people should be investing - not betting. I have no information other than what is available to the investing community at large. The fundamentals clearly support this stock as being completely undervalued - literally mispriced here. I am merely willing to accept this risk - because the reward now exceeds anything else I see - by a significant margin in the short term and I feel this is a market pricing ''anomaly'' - they do happen, but they do not last for long... Why buy here, before it finds support and works its way back up ? - because I allready own a great deal at attractive prices - and I see the Nat Gas weighted E&P's - especially small & mid caps being the next subsector to really run here and this is a window of opportunity that will be closed very shortly imho. Waiting - would allow me to buy at $5 1/2ish... remember, this has some shorting here - it made a 14% one day move to $7 recently - when I last sold. It is too easy to miss a 10% move on this one - and buying at 10% below where I think it should have bottomed - directly into what I see as a sector (nat gas) upturn; I started buying today. This is 20% cheaper on my metrics than virtually any other stock I follow.... only MEXP is similar - and I can margin/leverage RRC's run - which I can not do on MEXP and RRC has less risk than MEXP - better liquidity etc. You have to have a plan - I will become a buy & holder at $4 1/2 - that is a price level that I would be willing to hold to eternity here - on a fundamental basis - even with $1.80 mcf gas... let alone $3.00 mcf Gas going into what could be a historic ''rationing by price'' for Nat Gas this winter... Get Deutsche Banks's analyst report - they recently upgraded price target to $10 off of the JV announcement- this is a 40%+ short term money in the bank play. This is getting sold, shorted- hedged etc. = a substantial discount for buyers here... there aren't that many left - and a 8% one day & 10-15% recent retrace here is too much to pass up...NOTHING fundamentally has changed - actually; quite the contrary ! This recently saw $7 - which is over a 40% return; what other stock on a fundamental basis has a stronger likliehood of returning 40%+ here nearterm ? All RRC has to do is close the JV and do what the CEO said they would - show strong CFPS in Q3 ! - a slam dunk imho. good luck

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