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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (30705)	5/2/2003 11:34:17 AM
From: jimsioi	Read Replies (1) \| Respond to of 36161

Isopatch, CWEI bought today. Got filled on several orders (not big positioning) between $12.07 and $12.50...average about $12.30. Company has received one upgrade, today. I'd think if NG prices don't drift off that the share price ought to advance toward $14 over the course of this month, all other things being equal. That's the point....all those things are not equal...There's a reason why a company is selling at seven times ONE quarter's earnings. I'm figuring it's just under appreciated.. It's holding in there pretty well so far....rise hasn't brought on heavy selling pressure that's knocked it along way from its high, yet. On FBR here's and investment company, money manager, turned REIT with the acquisition of FB. Just added a new client that ought to add 10 cents in earnings and thus 9 cents to the distribution. Yields around 12% biz.yahoo.com Company is also buying back shares....or so they've said they will; you know how that works. FBR - a little frothy on the charts but has that yield and an ability to increase same with 90% going to the shareholders...