Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: HAZ who wrote (4312)	12/11/1997 10:35:00 AM
From: Kerm Yerman	Read Replies (1) of 24905

HAZ / Richland Petroleum I think highly of the company. Richland has faced their problems head-on and CEO (I like a lot) has turned the company around. The hit the company took was related to in-experience with oil pools and rapid production declines brought about by horizontal drilling. That's now history. As far as the ideal price to buy into the company - probably under $4.50. I added the company to my Top 20 listing when I first saw signs of their turn-a-round, somewhere about $3.50. Where the market takes us is the big question - nothing materially related to the company. I wouldn't hesitate to begin accumilating shares at this time. However, I would reserve some capital for investment in the company in March. Annual and 1st quarter reports will propell the share price. Remember, just one man's opinion.

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