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Gold/Mining/Energy : Pan East Petroleum PEC-TSE Several Projects Starting
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To: D.E. Shetland who wrote (38)1/3/1998 12:08:00 AM
From: HAZ  Read Replies (1) of 73
 
D.E.

Any word on winter drilling program so far. I read somewhere that Pan East drilled a very deep well over 20,000 ft but I can't remember where.

The stock has been moving in the right direction and I think we see 2.00 plus in the near future. Lots of buyers at current prices.

Either funds are buying more to average out or insiders buying more shares.

I can't believe that all this buying is from the retail sector, retail investors in CND resource stocks have been hit hard since the end of October and I don't believe that they are aggressively buying this supposed loser of a stock.

Therefore I'm holding on, as I mentioned in an earlier post, if management stocked up on cheap options in the low 1.00, they can make millions by working hard and making Pan East Respectable again.

Hold on for the ride.

Cheers and good investing in 98
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