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iShares Mortgage Real Estate Capped Message Board

  • galenahill galenahill Feb 11, 2004 10:28 AM Flag

    Steady progress

    No Elephants,but good progress on lower risk stuff.

    Vermillion # 136-evaluating says to me a decision to complete a marginal well.

    no mention of Tatum Dome (completing Up hole ?) or the Marathon Well (South pass #87)

    I like REM as they balance high risk/low risk stuff.

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    • Galena, you may like REM because they balance high- and low risk stuff (don't most energy companies of any size do that?), but I like it because of their conservatism when compared with the rest of the industry:

      - successfull effort accounting (a rarity these days)
      - no hedging
      - no debt

      The first two factors increase the volatility of REM's earnings, but overall, the earnings quality is head and shoulders above that of most domestic E&P companies.

      • 1 Reply to semidutch
      • I agree with you wholeheartedly. I have spoken with several of the folks at REM and am impressed by both their strategy and candor. This is a very clean company. We need to hit big with something like SKE's "Frontrunner" ..hitting singles in what is perceived to be a "home run" type of business just hasn't attracted big institutional money....yet....I think this is a very fine company and those I speak with in the industry seem to agree...patience is a virtue..Rgeards to all...DEV.

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