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

To: Think4Yourself who wrote (82398)	12/21/2000 6:13:56 PM
From: excardog	Read Replies (1) \| Respond to of 95453

jqp In defense of kollmnh he has been most critical of RRC's hedging policy and I tend to agree. But remember 30% of production remains unhedged and they have got a lot of production. 155 mmcf per day at last glance plus plenty of drilling sites and work over opportunities. koll is a little sensitive when it comes to RRC since he has quite a few $$$ tied up there. Can't blame him.

To: Think4Yourself who wrote (82398)	12/21/2000 6:42:34 PM
From: kollmhn	Respond to of 95453

JQP- sorry if this is a duplicate but here goes again. You wrote: "RRC definitely has long life reserves BUT they only have $.03/share cash for exploration and they have a MOUNTAIN of debt that must be serviced." That is blatantly wrong. They have a lot more than $.03/sh for exploration. Just because the balance sheet on 9/30/00 reads a particular cash figure, doesn't mean that's all they will spend. Capex is $50mm+ and they will pay those bills in cash. Ever hear of cashflow? How can the balance sheet "appear" to have worsened when reading it clearly shows the contrary?? How do you come upon those "appearances"? John, I strive for acccuracy regardless of it being good or bad news. While your inaccuracy will undoubtedly have no impact on RRC's price, it may have an impact on your investing success. I suggest you learn how to "decipher" those reports and to be cautious about making casual recommendations under the cloak of having the facts. Otherwise, no hard feelings, OK?