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: kormac who wrote (56622)	12/10/1999 6:07:00 AM
From: Think4Yourself	Read Replies (2) of 95453

I didn't even bother to respond to him. It is obviously still his pick of the week, his "#1 stock, period!" EVER is also highly illiquid (avg vol=77k shares). It could easily get killed by tax loss selling. Why would anyone want a pure gas play with bad hedging practices in the current pricing environment? They haven't been able to capitalize on rising prices in either commodity (very poor NG hedges and no oil production). Here's their latest hedge (34 mmcf/day is over half their production):" "For the period November 1, 1999, through October 31, 2000, the Company has entered into contracts to sell approximately 34 MMcf per day, net at $1.95. " And slider thinks TMR tanked because of their lack of hedges? Get real!! Then there are the analysts. Their track record speaks volumes. "Nuff said (VBG)!" They have a shelf registration in effect for $150 million. Nothing like a little equity dilution. Slider can have all of the shares as far as I am concerned.

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