Kelly Oil (KOGC) Message Board

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Microcap & Penny Stocks : Kelly Oil (KOGC)

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To: privatesmith who wrote (38)	12/25/1998 5:19:00 PM
From: wolfdog2	Read Replies (1) of 50

Edwin, I agree KOGC is a play on reserves. Keep in mind also that these stocks are priced on cash flow, not earnings, as you may know. I'm not as gloomy about gas prices moving forward as you are. I'm betting we made a bottom in the stock last week; I bought more at 1/2. At some point if the stock stays down at this level, I think they will be snapped up by another E & P company. Ken

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