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: jim_p who wrote (63574)	3/31/2000 3:54:00 PM
From: ItsAllCyclical	Read Replies (3) of 95453

Starting to nibble on some small cap E&P's again (RRC and HWL). I like RRC as a cheap gas play. Now that their headquarters have been destroyed their books have been wiped clean so to speak...Debt? What Debt? Sorry can't find the paperwork. I expect nothing but good news for now on. Actually the technicals are shaping up again for another breakout soon. HWL I've mentioned here before. It's a crude heavy play with solid earnings. I think they could do close to $1.75-2 in earnings for 2000 if oil and gas prices stay strong. The stock is currently under $7. Both are very speculative due to their size/debt. I wanted to wait to buy some of these small caps, but they all seem to be rallying here. If gas prices do spike this summer I see no reason why RRC can't hit 4-5+ again.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next