Strictly: Oil and Gas Exploration Companies Message Board

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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

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To: Paul Angell who wrote (66)	10/19/1998 12:57:00 AM
From: SliderOnTheBlack	Read Replies (1) of 318

I'm looking to move some service & driller profits off of this recent move - ...into some E&P's as they have lagged the service & drillers of late. 2 E&P's that are laggards due to being complex turnaround stories & whose financials on the surface scare most away... are EEX & RRC - both will be huge successs - do some ''DD" and mark these 2 at todays prices. RRC may be a huge bounce play for Monday as well, sold off friday on a couple of huge block sells; a recent merger and has big tax loss selling - I think it is over now & the company has committed to a buyback (maybe buying big monday?) and isssued one of the strongest rebuttal press releases I've ever seen in response to a blowoff.... this will be a huge 18-24 month play; RRC could conservatively be a 5 bagger in 12 months and 8 bagger in 24 mos. . EEX is a pure turnaround/make over play - new CEO selling off what many people think are their primary properties; as they are their current cash generators (land based assets) but new CEO is turning them into one of the best Deepwater GOM plays - mark this one as well; They have an interest in the huge Llano field find.... a mess on the surface, but the ultimate ''Diamond in the rough'' I found a small reference from a CEO of an International Oil company looking to move stronger into the GOM who has a great Seismic track record in finding big fields and mentioned EEX as owning ''the best'' GOM deepwater fields of ANY independant - this got my attention real fast.... RRC & EEX would take pages to detail - both worth the research folks ! Like APA SGO as the ''no-brainer'' plays in E&P's - better upside than BR & NBL and APC is the ''gem,'' but priced as such... SGO way undervalued and APA is 2nd only to APC imho in the Independants. I like ETP BNO HEC for International plays. WZR COHO FEN as the oversold pure value plays... COHO has Hicks Muse of ''LBO" fame as a major holder here and has infused BIG BIG CASH - as an acquisition vehicle ? Like CPE COG PGEI THX as good conservative earnings plays - good upside potential here. EVER is the earnings upside/reserve play - but priced beyond a value play any longer... imho; (I know its a fav here - I sold ). PZL is an interesting turnaround play as well. Comments - what's on the shopping list people ?

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