Todd, Royale Energy is a winner, and their P/E is below their peer
group, leaving some upside on the equity price, once additional
attention comes to Royale. This could come about as a result of their
gaining regular Nasdaq listing, and also when they release their
fourth quarter and 1996 financials in March.
I've heard about the company for four years, and in that time they went
from private to public, and from oil drilling into natural gas drilling
turn-key production, and marketing. Their stock price has zoomed in
the last year, reflecting their success as well as being in the right
markets and at the right time. I am encouraged as to the strength of
their stock during the downturn in energy. It has bumped down only
a little. Last year at this time, you could have become a Royale Energy
owner at less than three bucks a share. I became a shareholder last
spring, and have wished I had bought stock earlier.
Look for some upside in March when they release their financials. I
feel that there will be some pleasant surprizes!
Wayne Olive
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