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: Ronald J. Clark who wrote (19)	3/28/1997 12:26:00 AM
From: Ed Ajootian	of 686

Ron, Don't know who dumped it. Don't know for sure what the bad news will be, but am virtually certain (based on the stock price movement of recent weeks) that we will be getting some sort of bad news mixed in with the already widely expected good news (big reserve increase, record cash flow, etc.). Yes, the report is due by Monday. I understand they plan to announce the results either Monday or Tuesday and have a conference call to discuss them on Tuesday. I'm calling for $.14 cash flow for the quarter, a whopping 33% increase over the 3rd quarter. The reserves should be substantially higher than year-end '95. I would say double but there is going to be some negative adjustments to one of their Louisiana properties because of a retroactive back-in by one of their partners, and I can't quantify how much that will impact the figures. Just keep hanging on the sidelines another couple of days --- wait until you see the whites of their eyes. Then when it bottoms out just back up the truck & load up man!

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