Nevtah/Tower Oil Intl.- NTAH Message Board

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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

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To: workingclassman9 who wrote (1328)	6/13/1998 1:11:00 PM
From: TWICK	Read Replies (1) of 3817

They also are patient Investors,who position themselves at these prices. Patience is the game with this stock. For those who are getting frustrated with the recent price drop, please ask yourself again why you got into NTAH in first place. You've done your DD and I'm sure you know that NTAH has some major hurdles (Completion of the drilling permits, and successful testing of both Matagorda and the Stripper Well Technology) to clear before we start to see the revenues this company is capable of producing. NTAH has the plan, the resources, and the technology. Now it needs to execute and deliver. I'm sure I also don't have to remind you that the entire oil and gas sector is in the middle of a MAJOR slump due to OPEC's inability to control the production of oil and its reserves. I think Friday's bounce back was not a turn-around but more a "Dead Cat Bounce". OPEC and especially Non OPEC producers have not cut back enough. A few million barrels is not going clear up the glut. If OPEC does not step up to the plate and clean this BS up, we will see the price of oil drop further. Whether we think so or not, NTAH is affected by this IMO, but lucky for us gas is gaining in price and that will help NTAH pull out of this rutt once it starts flowing. Sit back and read a good book. NTAH will not disappoint us. TWICK.

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