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Strategies & Market Trends : Strictly: Drilling II

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To: waverider who wrote (11052)4/24/2002 4:31:03 PM
From: isopatch  Read Replies (1) of 36161
 
Hi Wave. Very strong day for PQUE.

Especially considering the AGA reported in mid-afternoon that 69 BCF was added to storage last week. Estimates I saw earlier this week for for an add of 40 to 60 BCF. So it was a bearish report that drove down almost everything in the energy sector.

Despite that, Petroquest cranked in the final hour to close at it's high for the day up over 9%.

finance.yahoo.com

Would not advise anyone to chase it. But as one of the best small cap NG explorers in the industry, it's worth digging into the chart and making your best judgement of a good entry level to begin your own position on the next correction. Like EPEX and some of my other favs, expect PQUE to go a lot higher at least into September.

Isopatch
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