Strictly: Oil and Gas Exploration Companies Message Board

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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

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To: Robert T. Quasius who wrote (208)	6/9/1999 3:13:00 AM
From: Gary105	Read Replies (2) of 318

Robert, how do you handle AXAS negative book value and it impact on their ability to raise cash for production ie high borrowing costs? Any thoughts on HWL? insider buying, share price below book value and my rough analysis shows they should be profitable this Q. turnaround in energy prices is real, gas is driven by increased demand in US, oil is initially driven by OPEC production cuts sticking, next year it will be driven by Asian recovery which will offset some non-adherence to OPEC cuts. Gary PS - great call earlier on SFY

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