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: Dave M who wrote (658)	12/3/2000 10:55:15 PM
From: Ed Ajootian	Read Replies (2) of 686

Dave, I believe a lot of it has to do with the fact that PQUE has a pretty high percentage of its production in the form of oil vs. gas (about 50-50 I believe). Folks are really leery of where oil prices are gonna go now that oil stocks are building in the US. Take a look at Panaco (PNO). They have gone up over 56% in the last 100 days vs. just 11% for PQUE. See siliconinvestor.com. PNO is less risky than PQUE since they follow an "acquire & exploit" strategy vs. an exploration strategy such as for PQUE. They produce about 75% gas vs. oil, and have an active exploitation/development program going on in some of their offshore Gulf of Mexico fields. They have more debt than PQUE, which enhances their leverage to natgas prices. The downside is limited since their interest coverage ratio (EBITDA/Interest expense) is well over 4:1.

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