Remington Oil (REM) 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 : Remington Oil (REM)

REM 21.82

-0.8%

Oct 30 4:00 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Lee who wrote (184)	12/26/2002 10:08:35 PM
From: Ed Ajootian	of 192

Well I'm now the proud owner of a healthy amount of REM May $17.50 calls, at an average cost of around $1.60. If they really find gas under that salt dome the stock's gonna go to $25 by May (i.e. after they drill the second well there), in which case I virtually quintuple my money. They've already found gas in a secondary target of the well, so they won't have to announce a dry hole if they don't find anything deeper down in the primary target. I believe the stock should go to $19 just on the other new production being added this quarter, plus natgas prices going idiotic. So I figure I've got a free shot at quadrupling my money or more, with very moderate downside risk. Here goes nothing!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next