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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock

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To: Len Hynes who wrote (1253)3/16/1998 4:54:00 PM
From: Keith Utz  Read Replies (2) of 2011
 
Hi Len

There are three things that may account for WRN's rise today. (1) The company wants some good price action prior to the March 18 warrents to insure their exercise,(2) there should be a NR this week and (3) Mike Schaefer's oil report(131 pages) has an extensive write up on WRN and 3 jr. oil and gas stocks. I'm going to be patient with this stock. Keep in mind that they focus on service rigs instead of drilling rigs and they are diversifying into the carrier truck business which means that down the road they can avoid the boom and bust cycle associated with oil drillers.

Keith
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