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Non-Tech : Invest / LTD
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To: virgil vancleave who wrote (1833)8/15/1998 8:05:00 PM
From: drsvelte  Read Replies (1) of 14427
 
Virgil:

Hope you continue your post here -- new perspective is always appreciated. I've seen your posts on Roger's thread re the damn tower company that we have a special affection for here!!

Here's something I came across for you oily folks to look at:

"Ensearch Exploration (EEX) has had some major difficulties. It looks like management has misstated energy reserves in East Texas and the Gulf of Mexico, thus landing itself in the middle of a class-action lawsuit.

EEX took a 25 percent stake in an exploration in the Gulf of Mexico that proved to be dry. After replacing most of its top-level executives, the company decided to sell its less profitable natural-gas production business. These are steps in the right direction but EEX must still look to cut costs in a presently grim crude-oil environment.

Until global output is reduced, most oil stocks, especially Ensearch Exploration, will remain out of favor."

I picked this up at stocksite.com which usually has some good commentary. Check out Bill Fleckenstein's views.

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