Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SliderOnTheBlack who wrote (31155)	10/26/1998 11:56:00 PM
From: The Ox	Respond to of 95453

from: decisionpoint.com STOCK 3 Adams Resources ----------------------- Based in Houston, TX, Adams Resources & Energy, Inc. (NYSE: AE) engages in the exploration, production, marketing, and transportation of crude oil and petroleum products. One of AE's subsidiaries, GulfMark Energy, purchases crude oil at wellheads and arranges transportation to refiners and other customers. A second subsidiary, Ada Resources, markets branded and unbranded refined petroleum products (i.e., gasoline and diesel fuel) and, with the use of its Service Transport Company, moves refined petroleum products and liquid chemicals throughout the U.S. and Canada. With ownership in more than 250 wells, Adams Resources and Energy conducts most of its gas and oil exploration in Oklahoma and Texas. ----------------------- STOCK PRICE 9/96 - 9/98 ----------------------- SEP-98 $8.38 JUL-97 $14.63 JUL-98 $9.50 MAY-97 $13.75 MAY-98 $12.00 MAR-97 $13.88 MAR-98 $13.88 JAN-96 $15.50 JAN-97 N/A NOV-96 $9.88 NOV-97 N/A SEP-96 $10.13 SEP-97 $14.00 Income investors will notice that each of the stocks that we have chosen to focus on this month pays dividends. Adams Resources is no exception, sporting a 1.18% dividend yield. Also, AE is another company that carries less volatility than the S&P 500 (BETA = -0.06). So, why is the stock 50% below its 52-week high? Well, based on 2nd quarter results ending June 30, 1998 (3rd quarter results are not available, yet) revenues and earnings per share are about 50% lower than they were a year ago. The Company has increased its 3D seismic exploration cost, which negatively affected its 2nd quarter numbers and is likely to affect 3rd and 4th quarter numbers, too. This problem is likely to persist until "first drilling," scheduled for late 1998. You may ask yourself "why buy Adams Resources now" instead of waiting through the 4th quarter? Because, the "so called" bad news is not bad at all. All it indicates is that an investor may have to wait a few quarters for profits to appear, something for which Wall Street has no patience. With the beginning of the 4th quarter, the wait may soon be over. If you are going to buy, now is the time. Apollo has added Adams Resources to its moderate risk, Atalanta, portfolio.

To: SliderOnTheBlack who wrote (31155)	10/27/1998 1:09:00 AM
From: Gerald F Bunch	Read Replies (2) \| Respond to of 95453

Sliper I wasn't going to respond to another one of your long winded post's. Give it a break dipspit. I know that I will get some ignorant response to this post, what can I say? Truth be known, I will just consider the source.