Josef Schachter
Real Resources
RER-T
TOP PICK
Apr 12, 2006
Did about 7,300 BOE’s a day in 2004 moving up to 10,394 in ‘05 and expects 14,000. Have to build a pipeline this summer which will increase BOE’s by 4000. Very large land spread.
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.