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  • fbi_aliases fbi_aliases Jan 13, 2005 12:45 PM Flag

    Oil Up Today

    $1.73 and REM is down. Anyone have ideas why? I see analysts recently raised earnings guidance for this year and next.

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    • This company shows little desire to keep investors informed. Their web page is very minimal. Perhaps this is because so much of the stock is held by aging Simplots and their foundation. I'm sure they get all the information there is. I would guess that REM is getting to be good bait for a stock swap takeover. The majors will become more acquisitive when they finally realize they missed the boat by not exploring more aggressively and by selling off prospects over the last few years. A wave of acquisitions by one or more majors could easily hit the independents soon.

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