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: Jon Cave who wrote (72410)	9/6/2000 10:46:48 AM
From: warren harris	Read Replies (1) of 95453

Does anyone follow ROYL (Royale Energy Inc). The company appears to be predominately a natural gas E&P with most of reserves in California, although a small proportion in other areas. What caught my eye, is that they don't appear to have any hedging of production, instead selling at spot prices (as per 10K). In today's pricing environment I would think this would be a major plus in their favor for filling company coffers. Debt is .65 of equity and no institutions appear to hold at this time. As a little guy - would they be worth following further? Thoughts and opinions would be appreciated. Tks

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