RON - Cooper Cameron Message Board

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Gold/Mining/Energy : RON - Cooper Cameron

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To: Spaw who wrote (27)	9/14/1998 10:45:00 PM
From: PashaBear	Read Replies (1) of 77

I like it...what else is there to say? RON and RIG seem to be moving particularly nicely. While there may be some profit taking, I see the trend as up (no matter what the market does). Unfortunately, I had to unload some positions due to margin calls. But I regrouped, and in addition to my core holdings have been playing options on the oil drillers. I've also started to buy into the E&P sector, e.g., XTO, APA and RRC. It's a commodity, but one that is toward the lower end of its range (and had enuf cr*p kicked out of it that it isn't that vulnerable anymore). As for the action in oil, I am not an expert - but I think that OPEC will keep the production cuts, at least until it is back to 17-18. Also, this winter looks to be cold in the U.S. But I don't see oil above 20 again until 1999. Just my $.02. Very best wishes - Harold

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