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: SargeK who wrote (61071)	2/29/2000 11:58:00 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

RRC - In at $2 & I am sitting at $1 7/8ths and love it here.../Who kicked HAL !!! Own the small caps in baskets; but they are right back to where we were last year - remember all those charts I posted on how they outperformed the OSX, large caps and EVERYTHING else ? - they are poised to once again. But, due to the tremendous value's in large caps and their ability to leverage via options, or margin - own small caps in baskets and keep them a reasonable % of the portfolio - maybe 15% ish, or so. Food for thought on RRC. Convertible preferred arbitrage - is long the "converts" & short the common - SOP... no surprise there. If you want to maximize your profits & are a hedge fund - which there are many in RRC here; you sell long stock forcing down the price of the common - which you have hedged with the convertibles; you then cover your short and buy more long as you shake out the weak hands;then let the common run off of positive earnings - then re-hedge/short your long converts with a fresh short-hedge... no rocket science, but we've "been here & done this" enough - to know when to hold, when to fold, when to walk away -when to run and when to BUY THE HELL OUT OF IT... it's time to BUY THE HELL OUT OF IT ! How many times has RRC spiked off of this type of shakeout. I ask you one simple Reagan-esque question here: Is RRC better off today than it was last May at $5 ? ... I rest my case. ... no hidden boogiemen in the "fundamental business" woodpile - just shorts,arb's & a savy shakeout - period. Not for the slow of foot, the meek, or the unimformed - caveat emptor~ RRC has positive hedges and the JV certainly assures - ZERO chance of BK here; as does its near sector leading Reserve life of 14 years, positive cash flow and earnings. The GOM properties of RRC are the hidden icing in a cap ex expansion that could be seen as soon as Q3 this year. Throw a little gravy on the year end commodity price valuation and that impact on increasing their proved reserves. Insisders own a huge chunk of this company. Ronca's potential lawsuit is total chump change - not a factor in this stock. I LLLLLLLLLOOOOOOOOOOOve HAL here - looks like it received that "kick in the ass" it needed ! HAL is THE OSX buy. If we have OPEC "do the right thing" - then HAL is a pocket-rocket to $48ish imho... just watch. Taking "some" profit on HAL today - wouldn't be my style if I didn't - I'll try to re-buy it back cheaper before the post OPEC Boom 2000 Train takes HAL to $48-$50. Anyone get any calls on HAL back at $33ish ? - kudo's if you did... "Q" - how 'bout that UPR today ? Jim L - agree on XTO - money in the bank and add EOG to that share buy-back supported floor - load it in the $13's - all you can get. ================================================================== SargeK; FGH is "now" all of a sudden just 15% of your total portfolio ? ROFLMAO ! ... you are a hoot ole' bald prevaracatious one... I suppose you daytraded the balance into Rambus or something... PS - don't stick your fat nose into things you obviously know NOTHING about like E&P's, or RRC Sluggo ... (VBG). ... bye the way: is FGH not down again on an OSX rally day ? HELLO ! - if it's "fallen and can't get up" on a day like today; when will it Sarge ? THREE STINKIN BUCKS - just watch; that DELAYED , STALLED earnings release will be the wooden stake in Sargacula's heart (VBG)... GET OUT while you still have a chance :) ... put a damn fork in it ~

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next