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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (56656)7/9/2006 2:12:26 AM
From: Proud Deplorable  Read Replies (2) | Respond to of 312695
 
Look Dave, RR is so tight he needs e-lax. He has what? over 25 million in the bank still? He doesn't want to spend it even on a new 1976 Rambler so why should he spend it on drilling his fabulous properties when he can get some other company to do it and spend their money instead?

Aside from being one of my favorite people in this industry and a total genuine and respectable individual if I don't say so myself, he needs to realize that you need to spend money to make it. One reason it held your portfolio together, as well as mine, in 2004 is because it had no value other than money in the bank and a little, so far, misplaced hype projecting the future based on the past and on his expertise in the field. Well, he isn't the only one with expertise and one shouldn't forget that the truth machine can ruin all this and like SUR, which is a garbage company, some simply don't want to drill.