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: PuddleGlum who wrote (70)	10/20/1998 1:10:00 AM
From: SliderOnTheBlack	Read Replies (1) of 318

?? - Crudes softening... Today's .80 cent (?) drop surprised me on a day of 2 major Oil Pipeline explosions - in the past these would be good for a .20-/30 cent pop ! With no news/statistics out today on Crude - why such a big drop ? comments ? Ps; re: RRC - its formation from the Lomak/Domain merger was applauded as one of the ''perfect fit'' mergers of late; they are now a top 20 E&P company now / $1 Billion + ... When things get turned around - a whole new Institutional Market will come aboard. They have a solid gameplan. Selling off non-core properties for $100 Million Cash is at the forefront - a great, great supply of top drilling prospects and long life reserves - this IS a solid play. It will sit in the drawer for me, for 3 years minimum...

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