Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: r.edwards who wrote (42966)	4/22/1999 4:03:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

( CRK, comstock resources, Raymond James Buy 1 rating, undervalued,etc......) r. edwards - couldn't keep that one quiet a little longer huh - thanks a freekin lot....(VBG). - no mo sub $3 soup for you, or me now... CRK ...the #1 $ Dollar holding in my entire portfolio fwiw (VBG) ! - not moving to badly of late - hooo hah & drilling results forthcoming ! ...can't be tipping the hand on micro E&P plays folks - but what the heck: I'm 85% in here on these. CRK BELW PGEI - buy heavy & strong (might wait for small retracements in CRK - up strongly, but drilling results may negate any pullback) and RRC ... if you like laggards; PGEI is a ''double'' just to it's Jan 1999 high - a 3 bagger to its Sept-Oct high and a 4 bagger to its 52 week high. BELW - a double to its Sept-Oct high, a 2 1/2 bagger to its 52 week high. CRK a 2.25 bagger to Sept-Oct high & 4 bagger to 52 week high .....and shucks, I put some of that FGI RIG GIFI and those quick trade $ from HMAR MEXP BEXP etc, into these - now Big Bull - there are Buy & Holds; and then there are BUY & HOLDS (VBG) ! ...dirt cheap price to cash flow multiples - dirt cheap ! These are primarially (except PGEI is more Oil oriented - but they are accentuating Coal Bed Methane play) Nat Gas and they are getting the benefit of higher Crude & Gas prices right now .... they vastly exceed the risk profile of the OSX stocks in this present enviroment imho & have much greater near term upside as well - other than a few exceptions - not a lot of ''doubles'' in the near term left for the drillers & service stocks. << You can prove you sustained a price but you can't possibly prove future "sustainability". >> I think that if OPEC fails to comply, then the sustainability of crude oil prices is in doubt (if not proved in their minds) as the Crude Oil Traders are firmly on record as being posied to pour on the short juice if OPEc drops the ball. The Oil Majors also are on ''record'' of saying that a 1-2-3 month speculative (their word not mine) spike in crude is not enough to change Cap Ex budgets and that they believe OPEC cuts hold the key to ''sustainability''. However, remember that virtually anyone would have been happy with $15 crude oil 3 months ago fwiw... Is everyone noticing how often this word - ''sustainability'' is propping up ? There are more than a few Oilpatch Company execs themselves who are doubting the sustainability of present prices ... time will tell. The answer ? - Go Gas ! - no OPEC to worry about - the above co's are a start for small caps - BR NBL UPR for larger/mid caps, MARY MLRC and a few others... But, shorting here - other than jumping on a clearly Street led bandwagon is for the very stout at heart - if not suicidal... maybe for a quick $2-3 move after we see a blood red open day on volume...in the high flyers.

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