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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)
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To: Ed Ajootian who wrote (33)4/16/1997 11:44:00 AM
From: Iknownothing2   of 686
 
Ed,

Where did you here they would have lower 1 st qtr numbers vs 4th qtr?? I listen to the conference call and did not here anything like that.
They did confirm that they were looking into disposition of their Canadian holdings,,ie Wildhay ,, and I assume Snipe Lake. Lueschner indicated the opportunities were better in the US than in Canada, and thusly they would reinvest proceeds in the US. I don't know the timing of the sale, but suspect they are getting close. IF it is an all cash deal,, that would put them in a pretty good position to exploit the US opportunities.

IMHO, this stock should be trading alot higher than it is presently!! I see very little downside at this point. So,, I will continue to add to my position. It's always best to do so when things are slow..

FWIW,, Steve
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