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


To: Archie Meeties who wrote (63589)3/31/2000 4:36:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
Arch, RRC - You're right RRC has hedged about 70% of their production at 22.50 oil and 2.70 NG, but at 2x cash flows it's still cheap. If the E&P's rally another 50-100% from their current levels like I expect then RRC will get brought along for the ride. I'm familar with how it trades. I really need to research more small cap E&P's, but they're such a small % of my total portfolio that it almost isn't worth it for me.