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

To: Second_Titan who wrote (72204)	9/3/2000 3:19:06 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

Quehubo, I like CRK and had a large position, but I sold out all of my position when the production declined 2.6% from 1Q, and the already high debt of 65% only declined to 63% in the 2Q. I should have kept a small position, but there are other companies well priced and doing better, like VPI, TLM, ROIL and OXY to name a few and I had a very large profit in it. It's very hard to grow a company once you get leveraged up over 65%, even with high commodity prices. Jim