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: The Ox who wrote (61800)	3/8/2000 1:51:00 PM
From: Jon Cave	Respond to of 95453

I smell a rebound coming in the drillers today. I may eat my words but DO,FLC, and RIG all down 10%. Don't be surprised to see them make a small ralley before the close.

To: The Ox who wrote (61800)	3/8/2000 1:51:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I HATE to say this (VBG) but I think Slider may be on to something here with MLRC. Last SEC report had 1,400 MMCF of NG production. The 20 new wells brought online recently add 736 MMCF per quarter. THAT'S A HUGE INCREASE. They are also drilling twice that many more wells this year. By the end of the year they could easily be producing at 2-3 times last quarter's levels. There are risks, of course. Recommend doing the DD. Snagging 2000 shares at $3 7/8 made it an easy decision for me. I'll do it again if the opportunity comes up.