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

To: excardog who wrote (79240)	11/16/2000 4:07:55 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

Excardog. I own 6 sm E&Ps. Of them ESNJ is currently 4th in $$ invested: So although I like the company, there are better opportunities mainly because when a takeover/merger does come, I doubt the upside will be large. Premiums paid so far this year for other good companies have been pretty skimpy. My posts today on ESNJ are simply an effort to flesh out a more complete picture that a look at the numbers alone will provide. JimP and I have gone back and forth about this before particularly with regard to E&Ps with high growth exploratory programs. If you recall, the same thing happened after the last qtrly report. People, particularly on the Yahoo thread didn't like the numbers, or the report. They dumped the stock and within 2-3 weeks it had a huge rally<g>. Wouldn't surprise me if the same thing happened this time. If she drops to the low 3s I'll go back to a full position from my current 1/2 pos. Good luck with you picks. Iso