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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Peter Berkman who wrote (7639)1/16/1998 11:55:00 AM
From: Alan Wojtalik  Read Replies (1) of 9164
 
Hi Peter,

While I didn't/don't follow Triton, I do own several stocks that have
good "potential", but are never the less depressed. I think at this
time in the market, the 6 month outllook has been too clouded by
the Asian crisis, so "investors" are in a "show me the money" mode.
Even then, I've seen stocks report good 4th Q numbers, only to trade
down because of what might happen during Q1. And as Zeev
pointed out, all of the oil stocks have been hit by the falling price of
crude oil. I stil believe that until this company realizes some of its
potential in the form of pumping oil through a completed pipeline, or
in earnings (which is probably predicated by the first case) it will
remain in a trading range, with $4 probably the high.

Regards,
Alan
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