Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Bill Habeck who wrote (48524)	7/28/1999 8:59:00 PM
From: double-plus-good	Read Replies (1) of 95453

Bill, the market doesn't appear to have a high opinion of EGAS. I did some poking awhile back and didn't find any real kickers to owning the stock. I'll look at it again over the next couple of days. As I recall the warrants convert at 5 and run through 2002. Long fuse - near strike; if I were to play Egas I'd play the warrants. I remember comparing EGAS to PETD which is also largely appalachian. I came away much more impressed with the track record at PETD. Not a real barnstormer but a nice steady riser. Took advantage of the dip to 4 recently to double my position. FWIW, the chart on PETD makes me feel like I understand TA... clearstation.com I spoke with their gas marketing dept about three weeks ago concerning their hedging policy. At that time they had no hedges on production and said they might consider a hedge on summer/fall production around 2.60. Guess they might have looked in some of the recent prices which sounds alright to me. They also indicated that they were quite willing to go into the winter season fully exposed to the spot market. Slow and sure to 6 1/2+ by Christmas is OK with me. BTW -- those stochastics are just starting to turn up. ++good

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