ROYL - Royale Energy Message Board

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Gold/Mining/Energy : ROYL - Royale Energy

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To: Wayne Olive who wrote (42)	6/8/1997 12:01:00 PM
From: Roy Chiesa	of 141

Wayne, I think we can discount the fact that ROYL went down to 4 and 3/8ths for one day because it was a case of "mistaken identity", i.e. a news bulletin was mistakenly attributed to ROYL instead of the real culprit. Why is it depressed now? Maybe it is suffering from the GTE, AT&T, Citizens Utility syndrome! That's the one in which investors shy away from a company because it has just made a good announcement in which it is investing large sums for the future growth of the company. Some traders are interested primarily in current earnings results, which may suffer slightly from big company purchases or plans, (the shortsighted take). Well, at least that's one possibility. It would appear to me that ROYL is doing fine in accumulating more resources to assure better earnings in the future. ciao, Roy L.

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