PetroQuest Energy, Inc (PQUE and T.PQU) Message Board

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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)

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To: Ed Ajootian who wrote (378)	7/15/1999 5:06:00 PM
From: andrew r harwood	Read Replies (1) of 686

Well the price of oil went up again today to almost 20.5$,what a difference a few weeks makes when all the so called experts were predicting that oil wouldnt reach 20$ again for 5years +.going forward the price of gas is in the 2.50 range for the fall and winter just weak right now for the summer .i would think that petroquest would be smart to lock in some of the higher prices for the winter in case we get a warm winter again .i am really surprised how little reaction the market has made to the news.it is my understanding that the turtle bayou well might be a good one ,they really are so good these days at predicting what a well will turn out to be especially in pre existing fields.i guess any more drilling will be dependent upon them getting some money from the high island well which will probably take a few months.anyway things sure look better for the oil patch than a few months ago when all was gloom and doom.arh

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