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Gold/Mining/Energy : National Energy Group (NEGX)
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To: Joe Sixer who wrote (148)1/4/1999 5:43:00 PM
From: Bruce Wysocki  Read Replies (1) of 162
 
Yes- I sold for tax loss but bought back
in at right after announcement. There is
good chance things will improve with
Carl's cash infusion. The best info I have
is that it is a matter of getting
a few more wells on line to meet
future cash needs. (They own/co-own/operate
a total of 788 wells as of last quarter).

I don't think it will do much of anything
but "survive" now - but watch out if
oil/gas prices firm and climb back to
where they were before this debacle!
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