Panaco Corp (PANA) Message Board

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Gold/Mining/Energy : Panaco Corp (PANA)

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To: Eakole who wrote (10)	4/9/2000 1:10:00 PM
From: Ed Ajootian	Read Replies (1) of 115

Eakole, Are you still in this thing? You did say "long term investment purposes", so.... You may want to consider averaging down your position here. Now the 12-month natgas stip eked over $3 again, and this time I believe its for good. This is very bullish for Panaco, so I would be surprised if we ever see $.55 again. IMO we are fast-approaching a critical juncture in the stock price. The results of the Price Lake production test could be out any day now, and if they get over 20 mmcf in both zones in both wells then the stock will power right back up to the $.80 mark. PANA fans are gonna have to decide, right here, right now, whether to buy now or wait 'till the end of the month when our friendly marketmaker goes on his monthly shorting rampage. I already have a ton of this stock so I've decided to hold off on any buying until the end of the month. Late this month will be the last opportunity to buy this stock at levels similar to the present. This will be the last month-end prior to the 1Q numbers come out, which as we all know will be phenomenal. Everyone's gotta make their own call on this one. Whatever you do, I would strongly suggest against buying on the production test news. Either buy before or after.

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