Westrend Natural Gas - I.D.E. Hot Stock Message Board

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

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To: Dale Rustebakke who wrote (1620)	8/23/1998 2:40:00 PM
From: Wink	of 2011

Dale, I think what Leigh was trying to say was that the $2.5 M loss was already known and documented in the recently released financials on SEDAR. What is new in this press release is where the losses occurred. Based upon what we now know about the first quarter, (and changes in Alamo and Precision, and the negotiations with SkyTex on the Taylor Rig subsidiary), we have a better picture of where WRN is going. Being an Oil & Gas servicing business, WRN is at the mercy of the fossil fuel market. I believe that even with a low oil price, WRN will now start to stem those ongoing losses and make a small profit. When oil prices start to rebound (as we all know they will), WRN will be well positioned as an ongoing business concern. Managements comments on their condition to date and what lies in the future is well thought out and believable by me. Patience is our ally, and this is from one who is in at an average of $0.70C...... ;>)

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