Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: articwarrior who wrote (44211)	5/6/1999 5:28:00 PM
From: ItsAllCyclical	Read Replies (1) of 95453

KEG - a little calculation... 1) old high of 40 with 77 mil shares. 2) add secondary of 55 mil shares so 132 mil shares now 3) use 77/132 to compute factor to adjust old high in present terms 4) result is 23.3 I don't think the OSX will be at 140 in 6-8 months (needed for KEG to resume old highs). If it is I'll probably short it. I realize this is a simple calucution but you need to take into account the new shares when making your projections. Based on the health of the OSX and the fact that drilling will be delayed this year I think even 10 is optimistic...

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