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: ItsAllCyclical who wrote (52285)	10/1/1999 3:42:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Slider - RRC - I'm going to have to call an "audible". I still think RRC is a good investment, but I'm not looking for a short squeeze anymore. I can't imagine that many shares short and not have any covering today. The JV brings them in compliance with their line of credit and removes most of the big doubts. Hedging 50% of their winter strip around 2.9 removes any remaining doubts that this company will suffer/go under. The short shares must be there for another reason - boxed long positions, related to any preferred offering?

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