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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (35415)10/5/2004 7:50:43 AM
From: Ed Ajootian  Read Replies (2) | Respond to of 206089
 
eplay, TMR -- your wish is granted, TMR is gonna crash & burn today on 2 dry holes. As evidenced by all the posts on their Yahoo board they have drawn in a lotta kids that don't understand the E&P business and will summarily dump the stock here.

For anyone who has missed the TMR boat this is gonna be an excellent time to jump onboard IMO. Dry holes are an inescapable part of this business, what is more important is your overall stats. TMR has been hitting about 3/4ths of their wells at BML, which is a great track record overall.

TMR hedges the least of all companies I know, under 20% of their production if memory serves.

My suggestion would be to wait for the crash to come to an end for at least a coupla hours of trading before buying.