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: Toni Wheeler who wrote (407)	8/5/1999 6:37:00 PM
From: Ed Ajootian	Read Replies (1) of 686

Toni, Well the pump has now been primed once again. We are back in the saddle and ready to drill more holes. With this kind of $$$$ in the bank account it will be a cinch to get a major oil company to JV with PQUE in their Valentine play. Its always tough to take on the dilution when it happens but here its for a great reason. I would bet you megabucks that whatever firm was responsible for this financing will be initiating analyst coverage of this company with in a month or so of the stock getting registered. They will do whatever they can to create other side of the trade for their investors that chipped in here. Ron, from my discussions with the CFO a few months ago, PQUE did not do any hedging. They are participating fully in these higher commodity prices. Just a hunch, but that downdraft under $1 recently may have been one of the investors in the private placement trying to create some panic selling so they could get their privately offered stock at a lower price. Nice try, and it may work for other stocks, but not one such as this whose quote is already so undervalued.

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