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


To: cnyndwllr who wrote (85935)2/1/2001 3:05:36 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
You make a good point about having company specific information. Am only buying 4 companies this week and they all have several things in common:

1. All are receiving at least $5/mcf average for production this week. One is receiving over $10/mcf on average.
2. All are actively executing stock buybacks
3. All are highly leveraged but are agressively reducing debt.
4. All have active agressive drilling programs and have locked up rigs
5. All have significantly dropped in price
6. All are excellent candidates for a takeover.

Won't mention what the companies are because don't want to be accused of "hyping". Also still accumulating them. They may go down more in the next week but really don't care unless cash runs out. would sleep OK if these were my only 4 holdings.