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: seadust who wrote (61826)	3/8/2000 5:44:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

MLRC reports year end reserves biz.yahoo.com Nothing like buying a company for 1/2 their reserve value and that's based up 2.10 gas with a company that sells 90% gas/10% oil. Reserves valued around 72 mil, present market value of MLRC around 36 mil. Thank you again Slider. This was a steal. I may buy more tomorrow, but I'm not going to chase it and I already have a good sized core position. If I can get it at 4 1/2 or less I'll double my stake. Sold my remaining RRC today when I bought MLRC. Don't want too many small caps in my portfolio in case of a sector wide pullback. BTW, I didn't even mention their production increases recently and those to come...

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