RF's service side, the Bank Lobby Side, has come under scrutiny due to waning performance. Put another way, the measure of Banking Services is at par with the Stock Price, Deteriorating! Speculation has it that a Good Service is worth paying for, maybe the reason RF's Capitalization is now a concern. Grow those deposits and expectations brighten! Wonderful to see the Top Brass buying their Stock (INSIDER TRADES), definitely a start in the right direction.
The addage "Buy the Bad News" is on hold for the Publicly Held Financial Institutions, right? Maybe better put "BUY OIL & GOLD Stocks and other HARD Assets" as there is no where else to protect the Wealth, that exceeding $100,000 per individual!! I sit on a Privately Held Bank Board in TEXAS and can assure you things are tightening up, but remaining VERY SOLVENT thanks to CONSERVATIVE VIGILENCE!!!
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Now a formation below the Bakken presents itself:Jon S. Brumley, Encore's Chief Executive Officer and President, stated, "We are very pleased with the initial results from our first well drilled in the Sanish Formation. The well came on strong with an IP of 1,106 BOE per day. We currently hold large acreage positions in several prolific areas of the Sanish. Based on the results of our first Sanish well and other wells that we have drilled in the Bakken Formation, this play is proving to be a significant source of incremental reserves and production for the Company and results continue to outpace our expectations."
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