Josef Schachter
Real Resources
RER-T
TOP PICK
May 06, 2005
It keeps on beating his numbers. Was expecting 8,400 BOE's a day in Q1, they increased production by 23% to 8,483. Looked for cash flow of $0.48 and they did $0.66. Because it is growing they will be able to afford to drill high impact wells.
Have missed production and costs were higher than expected. Not too much positive news from their quarter. If you own, consider cutting your losses and moving on.
(A Top Pick June 20/06. Down 54%.) Changed reserve engineers. This shouldn't be done during changing commodity price environments. Company is now up for sale. If you own the stock, stay with it.
(A Top Pick June 20/06. Down 51%.) Missed its numbers. Being merged with TriStar (TOG-T). Likes their asset base. If you own, roll it into TriStar and see if management can make things happen.