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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)
WT 11.59-0.6%Nov 7 9:30 AM EST

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To: AL Berta who wrote (922)7/28/1998 8:51:00 PM
From: bhg  Read Replies (1) of 1288
 
Hi everybody!
I've been a bit under the weather but although I haven't responded to anybody I have been following things.
We're building a nice base here. We aren't going to test the 1.20 level! Those days are gone. The only thing that we should be looking at is what is underneath the ground. This oil was found thirty years ago. They are pulling oil out all around these wells. There IS oil down there!
The fundamentals of the company are still sound and it's being managed well. The proof of this is that these guys don't panic nor drill too fast and destroy the formation. They are being prudent.
Anyone who is short now has huge betzum.
They don't have to beat the projections to move this stock. This is the beginning.
It is still being treated like it's a non-producer with no revenues. Soon it will be looked at as a producer with explosive revenue growth.
There are still traders out there and then those who want to throw a scare into others for there own selfish reasons...kind of like Neil!
It won't work. It has taken longer for a number of reasons for WT to come out with the test results. Big deal!!! So we wait a bit longer. There is much more upside to this then downside risk. I wonder if we will hear from any of the shorts once the stock test the old highs next month.
Everyone I speak to about the stock; clients, WT, Brokers, shareholders etc. feels the same as I do. Wait and see. Don't panic. They are in this for the long haul. Most people who are invested in the stock market talk this way too.
Let the shorts waste there time trying to manipulate (oh I'll hear it now!) the stock by scaring the longs to sell. I think the longs are much stronger then the shorts. That's my opinion.
Thank you all for the well wishes you sent me and I'll be getting back to you ASAP.
Best Regards,
Bruce
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