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: upanddown who wrote (51774)	9/24/1999 2:00:00 AM
From: Think4Yourself	Read Replies (1) of 95453

It was a an IRA I converted to a Roth. Had semiconductor stocks in it and converted (by PURE luck) at the low for the industry. Hit the tax free jackpot twice in the last 16 months: Once for semiconductors and once for Drillers. It is diversified now. I watch insider trading very closely, and am not too concerned about insiders stealing the company blind (for my current holdings). It is a VERY common problem in the high tech sector. Regarding energy prices showing up in the bottom line, I ONLY see it happening for the EnP's and some of the very land oriented driller/OS companies. TMR doesn't use hedges (well they have a huge no-cost collar right now) and their production has been growing at a phenomenal rate. I honestly believe they ARE on the radar screens of many institutions albeit at the bottom of the screens. The stock was moving up strongly in the short time between the Thibodaux #1 well coming online and the Thibodaux #2 well blowout. You are definitely right about RRC and MEXP.

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