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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (4338)8/29/1999 11:30:00 PM
From: grayhairs  Read Replies (1) | Respond to of 15703
 
Hi Rocket,

<<I think Grayhairs wants more Cheap Shares>>

Well, of course I do !! But, I make no bones about it. I already have a significant (to me) position picked up long ago. But, I bought more last week and I do intend to buy even more this week. Hell, I might even get kinda serious about it when I know what we have at Cal Canal !! At that time, I may even sell all my "seniors" and go totally into the junior players. It'll just depend upon the available leverage at the time.

But Rocket, I am not trying to "talk down" the ELH stocks because I'm not so vain as to think that I have any influence at all on the market !! If my wallet was the size of yours, then perhaps I could affect the market. But, alas....

I only asked the questions that I did because I sensed that some of my friends might be counting their chickens before they hatch. That approach might be reasonable in the poultry business but it is a very very risky thing to do in the oilpatch !!

Later,
grayhairs

P.S. -- You say that HTP is the best stock to hold in the play if all wells come in but in reality if that happens, there won't be a bad one to be holding !!!

But Rocket, tell me, what working interest do you think HTP will hold after payout of the Bellevue #1 and GSJBJV costs and after the Hunt back in ??



To: Rocket Red who wrote (4338)8/30/1999 7:24:00 AM
From: Bearcatbob  Respond to of 15703
 
I think GH was just challenging us to look ahead with realism to our upcomng decisions. I will not sell any of my core positions until after CC is in the market. Right or wrong - that is my plan. I may start some KOB day trading if I can do that at Waterhouse via the internet a $12 per trade. I will let you all know if that works as someone has indicated.

bob