Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Think4Yourself who wrote (49919)	8/26/1999 1:09:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

PS - RRC; they also have avg reserve life of 13 years ! - near the top of the sector.. ...the other factor that I do like about TMR - and RRC; which is not the case in many stocks here - is that RRC has nearly 56% upside just to its recent high of $7 mere weeks ago ! Does ANYONE not think that RRC will see $7 again - and soon, perhaps by the end of Sept off the JV finalization news, or off the reporting of Q3 results ? - how many supported 50% upside plays like this exist ? FIFTY PERCENT ! - merely in returning to where it was - when they were ONLY realizing $1.94 mcf Gas ! This stock ramped on the announcement of the JV agreement with First Energy to $7. Then got shorted in a hedging play - that has made RRC one of the most heavilly shorted (read hedged !) plays in the E&P sector. I will stake my entire reputation and personal finances on the fact that RRC will ramp upon the formal announcement of the JV closing - come the end of Sept. or at least upon the Q3 release. This stock is so strongly supported fundamentally and has such technical upside due to the incredible 56% upside of mere weeks ago - due to the shorting/hedging - that I am virtually giddy over this. That's all for today; I am seriouslly leaving to get some mo money and I will be back buying only one stock here - RRC. ...56% upside in just returning to its pre-hedged/shorted high of $7 weeks ago & the stock can be moved back into the margin account at $5 - allowing more leverage buying on its turnaround... It does not get any better than this.... and do not discount the value of a 13 year average reserve life in a leveraged Gas play ! God I looooooooooooooooooove this one.... feel like I just discovered buried treasure...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next