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 (465)	9/25/1999 10:02:00 AM
From: Ed Ajootian	Read Replies (4) of 686

Ron, Yes, I've started to trim the sails on this one and have sold about 6% of the position. May trim some more next week. How can you knock a double? I'm concerned that a lot of the privately placed stock will come on the market with the price up 50% from where the stock was bought at. The other thing bugging me about this one is that other than the next Turtle Bayou well there is no announced drilling on the horizon. Just not enough action here to keep me stoked on the stock. Every time I've asked about hedging Brooksher says no way. The hedging issue is not important for these small companies as much as it is for the larger ones. No one is buying PQUE based on how many pennies per share it will earn next quarter. Folks buy these small companies for the huge upside of reserve discoveries. If PQUE were to announce a new farm-in to the Valentine project the stock would probably go over $2 within an hour. I would gladly buy my stock back at $2 if I knew there was some impending action about to happen.

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