reccomendation. She was considering buying just
because she thinks the stock is too too
Before I finished, I called her and told her to buy and
called my broker and bought 1000 shares at 8 15/16.
Since I'm retired, i don't actively trade, but this was
too good to pass over.
One of the things I
consider a great positive is all the analysts and writers
that I follow who think Mr. Palmer is such a great
Good Luck All.
I'll check back here between
backpacking trips, etc.
That makes the 2nd one in a relatively short
time. WSJ reported on a recent meeting of independent
petroleum investment analysis
firms. Think it was the
2/8 issue. One comment struck me and thought it worth
passing along on the board. When asked about his outlook
for crude, Sanford Margoshes (oil analyst at Loeb
Ptnrs.) said, "It's clear to me we've seen the bottom. I
think we're going to average between $14 & $15 WTI."
Will have to pull that journel date when I get a
chance and read the rest. Have a nice
Just read today in the current issue of Barrons
that there is going to be a Conference in New York
this coming Thrusday involving Security Analysis and
representatives of the oil service companies. Rowan is going to
be included. This conference is to discuss the
future of the oil service sector.
Took 2 different roads to get here but we do seem
to share some of the same stocks and the LT
mentality it'll take to make any real money.
introduced to "the patch" when I was a broker with one of
the big Wall Street firms from 1976-82. Was in a
northern Pennsylvania office but energy and technology was
the core of the market then. After the big bear got
me in 1981-82, a retired PE (an old Oklahoma mud
engineer) took me under his wing and showed me how to
invest in this industry during the 86' bust. Also
encouraged me to learn more about field
My degree wasn't in Geology or Engineering so I read
as much of the practical stuff as I could get from
the U of Texas at Austin Petroleum Extension Service,
and other sources. Just bought the books and read em.
Then residing in S. Illinois, did some sub-surface
mapping and put together a few small drilling and
washdown/recompletion prospects. Trouble is they need $25 crude to show
a good risk/reward ratio. Til then, I'm here and in
VRC, VTS, GIFI, & RON. Plus, watching a few
Are you guys fully invested or just averaging in?
Where are you located? I'm just outside Columbus,
I'm a petroleum geologist currently doing some
consulting work. I also do a little environmental and
engineering geology. I'm buying these value stocks with the
same time horizon. My portfolio has its largest
positions in RDC and FGI with secondary positions in UTI,
BR, and ARC. Good luck to you and to all RDC
I have done (and occasionally still do a little)
consulting for the oil industry in the North Sea. I do more
environmental and hydrogeological consulting at the present
time, but may go back into the oil sector if things
pick up again soon.
My current holdings in the
energy sector are OII, RDC, VRC, RIG, KEG, APA, and
VGCO. Some of these are somewhat speculative, but I'm
convinced the sector offers tremedous value now as the oil
glut will not last forever. If you can hold for 1-3
years you will be amply rewarded. Paitenece is the
We all know Rowan is greatly
and will pop huge when the oil market
They bought back 4m+ shares and have 140m in
I read the Rowan repts...suggest you call them and
get a copy..
all we can do is wait...
an investment---as sure as the stock market
Just on the outskirts of metro-Columbus, Ohio.
Yesterday, was in a soccer T-shirt walking the pooch and it
was 73 degrees. Today, there's an inch of wet snow in
the yard and its 34! Weather's like the market, can't
make up its damn mind.