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Gold/Mining/Energy : Pan East Petroleum PEC-TSE Several Projects Starting

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To: Peter Granic who wrote (59)5/11/1998 11:00:00 PM
From: HAZ  Read Replies (1) of 73
 
Peter,

Lots of insider buying also. I'm anxiously waiting for q1 report. This will show what the company is made of and I expect more good things to come in 98.

Here's hoping they come out with good production numbers, good exploration, and good netbacks.

If they can hit all three, the stock will zoom to 4.00 very quickly. If they hit 2 out 3 the stock should hold the line and if only 1 out 3 then it may fall back until more numbers from q2 and q3.

I am expecting good exploration numbers and good production numbers, netbacks should be Ok but not great, prices in Jan and Feb were very low and I'm not sure if they they can beat the average.

Netbacks should increase in q2 and q3, so the stock will be moving up gradually over the year.

Don't forget this was a 6.00 stock a couple of years ago and then fell out of bed, couldn't find the elephant gas reserves and shareholders and the funds got impatient and dump it.

Hold on, the show is just starting.
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