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Microcap & Penny Stocks : GW GREY WOLF

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To: Rose who wrote (248)	3/25/1998 8:05:00 PM
From: jim p. holcomb	Read Replies (1) of 444

Hi Rose, Always nice to hear from someone who is really concerned. The price of natural gas has held up real well. Think about the cost to transport Far East gas to New York. The price of natural gas has been a Godsend. If it had dropped in correlation to the price of oil, we would be in terrible shape instead of "Deader than Hell". GW has a lot of rigs that are drilling for natural gas at deep depths in Texas and Louisiana that will see them through this crisis, unless the price of natural gas suddenly goes South. When GW drops below 4 then it is time to buy. Their cash flow from all of the acquisitions is another plus. It's frustrating to be at today's price; however it would be foolish to sell and see this stock @ 15 in three years. Just my HUMBLE OPINION. Jim

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