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Gold/Mining/Energy : Forcenergy (FENYE)
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To: Aquaman who wrote (7)1/26/1999 6:18:00 PM
From: Michael Bakunin  Read Replies (1) of 99
 
Moody's downgraded, brokerages downgraded.. it's either a long play, or a bankruptcy-in-waiting. The company is too heavily leveraged, and oil & gas prices are too low. Even at this low price, you can't buy in unless you think that prices will recover, and recover soon.

I think prices will recover, but I'm not sure when. Don't invest any money here you can't lose. I have a bit on spec; I hope the stock recovers, but it won't hurt if it doesn't.

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