PEL - Purcell Energy Message Board

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Gold/Mining/Energy : PEL - Purcell Energy

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To: rajaggs who wrote (162)	3/23/2001 2:31:31 AM
From: rajaggs	Read Replies (1) of 165

PEL delayed their annual report until 28th March and they now say they'll also post an update on activities at that time. Meanwhile, we are left to suck our thumbs as the stock wanders aimlessly between $3.90 and $4.15 for 6 days in a row until today, when it broke up and closed at $4.19. Several posters on SH, incl moi, are of the opinion that this pattern may be indicative of a potential takeover. The stalling by Purcell only fuels that sort of speculation. O&Gs seem to me to be getting a second wind in preparation for a strong upward thrust in late spring/early summer, with the advent of a/c use and the NG producers trying vainly to refill the storage capacity of the US/Canadian distribution systems. Prices will remain strong to stronger as the summer wears on and US$10 may well be passed again later on into early fall. I also picked up some OGY Petroleum today which has a p/e ration of less than 3.5 right now. That's right, <3.5 p/e. Not too common, even nowadays in this bear market for techs. Remember, it's JMHO on NG pricing, 'jaggs

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