shrewdcertainly nothing wrong with your MO in how you deem it...

shrewd

certainly nothing wrong with your MO in how you deem it best to invest in oilers - and good luck to you on that front

quite a narrow market view in reality however - all you are doing is taking a less speculative stance - nothing new & exciting on that front

i'll pose this question:
just where exactly would the likes of NWE & TEX be without that initial speculative money? - i can't imagine any company surviving without insto & retail investment from the get go - without that, you would not be able to get in at the level you are happy with - that is your comfort zone & i'm not here to debate that

you see no upside in RRS in the near future - i think you may not have grasped the nuances of this company - yes, time is a killer for most investors
however riddle me this - can you explain how RRS doubled it's sp within a matter of days in may? - this was done with no drill rigs in sight - in fact no news whatsoever - would NWE or TEX double for no apparent reason? - RRS is not your typical basic oiler - far from it - besides, CXM are the operators, as you are aware

you pretty much tend to ignore that a large slice of the market does run on hype, speculation etc - just look at the all those U stocks - simply because that resource was all the rage for months on end - yet how many of those are going to produce anything?

which reminds me - have you held any non oiler stocks before - ie URA?

basically, all you have done is tell us your risk level