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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (173627)	10/24/2012 9:18:20 PM
From: renovator	Read Replies (1) of 206191

Very good question. Thanks for bringing it up Bob. It seems all the air went out of this company when they announced the sell-off of some producing acreage in late-summer to raise cash. Since they have no shortage of other properties and lots of drilling to pay for, it seems like a pretty smart idea to me. Seems like any small drillers keeping an eye on the debt line should be given props. Only question may be the upcoming earnings release, scheduled for November 7th. I little slip on an expense line or remarks about energy prices could turn your 8% put return into a new long position. I am thinking that might not be the worst thing either.

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