Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (49915)	8/26/1999 12:38:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Lingerfelt ? are you serious ??? RRC is 80%+ Nat Gas Try any of 7 publically available analyst reports, their annual report etc... there are not just a Nat Gas ''Pure Play''' - but most importantly - an East Coast Nat Gas play ! I totally disaree with their 10K - I thought it was among the best ! - compare it with TMR's release today.... raising more questions than answers... Insiders selling 689K was a mandatory filing by First Reserve - not like the CEO, or VP's were selling ; this is a beneficial owner of more than 10% of RRC - over 3.6 million shares and they are selling 689K. The JV raises some ''board'' issues etc. - also, lots of heding-selling in relationship to the JV. While they made hedging decisions early in the year that in retrospect have been poor; they made these in relation to new bank lines, refi & deleveraging decisions. Actually - this is the single most compelling reason to buy RRC - the hedges come off in Oct. and no company in the nat gas sector has more upside to present market prices from prior realized prices in prior quarters than RRC ! This company is nicely leveraged - no longer a debt nightmare - 2000 EARNINGS estimates are for over $1.00 per share - how many mid cap E&P's will earn $1.00 + and are selling at 65% of Net Asset value and a PE of less than 5 ? ..... there is no close 2nd choice imho; perhaps CRK near $4 if it returns there (unlikely). Compare RRC to TMR for cash flow multiple, 2000 EARNINGS PE, multiple of EBITD, or NAV ! not even close.... TMR is more of a potential drilling upside play like EEX - RRC is a low risk onshore - Apalachian region play.... when & not if.... bank on it. The is the single best buy that I have seen since I have followed the Oilpatch - bar none ~ the timing could NOT be better; CEO has put his ass on the line assuring substantial cfps upside in Q3 - nat gas fundamentals are strong - and we are selling off an east coast nat gas pure play on weak crude prices ???? gimmie all I can get.