big big sells, page-18

frustrating to see it sold down at times yes - but i bought this one for the bigger picture of a couple of years and beyond. since highs of a couple of months ago RFE has doubled their land holding, had a reserve upgrade, more wells making discoveries (last west tulsa well found better , thicker oil sands which will have a significant impact on production there - completely ignored by the market) plus made a significant purchase which will bring immediate cashflow. a slew of wells to be drilled in coming months and an improving gas and oil price. throw in some hefty broker valuations ... Not much to be glum about if you're holding for a while.