PETD Petroleum Developmant-- Oil / Natural gas Message Board

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Gold/Mining/Energy : PETD Petroleum Developmant-- Oil / Natural gas

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To: Robert T. Quasius who wrote (663)	9/13/1999 10:43:00 PM
From: Ed Ajootian	Read Replies (1) of 688

Robert, Good point. Or from another angle, I believe the "franchise" that a partnership fund raiser such as PETD has should be given some value on its own right, say as a muliple of the net earnings from that activity. That should then be added to the value of their reserves in order to get the _true total RABUV. Saw the news on the hedging after my earlier post. Guess I won't be shorting these guys now! Time will tell whether they made the right move. I have mixed feelings about this sort of thing, especially when you do not have any debt outstanding. Apparently the market is viewing the move very positively.

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