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Gold/Mining/Energy : WPOG: Pease Oil and Gas Company

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To: Ed Ajootian who wrote (5)4/7/2001 1:15:43 PM
From: hubbabuba2  Read Replies (2) of 8
 
Haven't followed it lately. They get out okay w/ dilution I expect. The sector's down very cheap. I've been frying other fish lately. I like CRZO (on Yahoo BB) which has a lot of larger interest wells going on and a very small market cap too boot (surprising to me anyway). They've got about 6 wells we should know about very shortly. WPOG's a slower story.

If the sector stays cheap there'll be buyouts and consolidation. Gas and cashflow ain't down THAT much. We just need $5+ for the year. I'm not concerned about that (neither is Shell in buying Barrett).
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