WOLVERINE ENERGY (WVE.A) - Recommended in Buy Low, Sell Hi Message Board

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Gold/Mining/Energy : WOLVERINE ENERGY (WVE.A) - Recommended in Buy Low, Sell Hi

WVE 8.305

-8.1%

3:59 PM EST

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To: terry who wrote (30)	11/1/1998 1:51:00 PM
From: Michael M. Cubrilo	of 37

What many investors do not know is that many older fields have decline rates for gas well over 20%. That means, you have to replace 30% of your gas production to show 10% growth. Even 10% is not enough for some analysts. Making unrealistic predictions is a killer for any stock... posing the number and then "hoping" for a gas hit to make the number stick is truly sticking ones head out. When that happens and the gas is not found, look for a company to buy existing production from other producers, or attempt a takeover to mask the production shortfalls. Not saying that WVE is doing this, it is just my opinion. Use your DD and knowledge to come to your own conclusions. I sold all my shares in the $1.10 range because the chart was telling me to do so. I don't listen to company hype, I mean, investor relations people. Mike

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