SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patim who wrote (81600)12/13/2000 4:25:25 PM
From: Tommaso  Read Replies (1) of 95453
 
As Rory Heiner will have noted, ROYL has closed at 7 again. I continue to hold 42% of my original number of shares, having completely recovered the investment in my IRA and put it into HGT for safekeeping (I hope). ROYL is going show hugely higher profits in its next report, having sold 70% of its December output at nearly $15 inside California and probably having got spot prices day by day as high as $60 on the rest.

So why did I sell 58%? When something is too good to be true it usually is, so I will settle for 42% too good to be true.

Am waiting to see if those California prices somehow make their way back in some smaller way to the San Juan Basin and Permian Basin where most of the gas crossing the border comes from. Surely El Pas Eenergy can't scalp 85% of their selling price from the Permian Basin and San Juan Basin Royalty Trusts (PBT, SJT). Disclosing interests, I have owned PBT for about ten years and just bought SJT.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News