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: Iknownothing2 who wrote (34)	4/16/1997 10:23:00 PM
From: Ed Ajootian	of 686

Steve, I didn't _hear 1st quarter numbers would be lower, I _read it. Anyone else can too, by just pulling out the 4th quarter press release (or see reply #27 in this thread). You will see there that they produced 135 mboe during 4th quarter. They then tell us in this latest release that 1st quarter production "is estimated at 130,000 boe". This taken together with the lower O&G commodity prices in 1st quarter vs. 4th quarter says that there is no way that 1st quarter numbers will be anywhere near as good as 4th quarter numbers. I listened in to the conference call too. Those things are of limited usefullness. The more pertinent information is the stuff that's in print. Amazingly, Ted Clark (Optima IR guy) had not even realized that they had provided information that would lead one to conclude as I have that 1st quarter numbers would not be so hot. I called him today and he mentioned my earlier post here, and asked the same question as you. [Ted, if you are lurking (and I know you are), please correct me if any part of the above analysis is wrong. I would bet you a buck (thats a $, not a C$) that I'm right though. Feel free to respond here if you'd like (I see other IR guys doing this -- see the Ultra Petroleum thread e.g.)] I may not be all that great at picking O&G stocks to invest in but one thing I know I can do well is read and understand numbers --- I make a living doing that (I'm a CPA). You may want to wait until 1st quarter gets announced before adding to your position. I agree that the stock is undervalued too but it is hard to see the price being higher after they announce the disappointing 1st quarter.

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