Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (44369)	5/9/1999 9:52:00 PM
From: James Cherney	Read Replies (1) of 95453

Slider & All...AXAS My take: Substancial insider buying @ $4-5 in December Cash flow from Ops in 98 was $5MM another $2MM from investment Net loss of $84MM but $61MM non cash impairment charge Cash at end of 98 $61.5MM Debt level high but leverage equals more appreciation opportunity Chapter 11 fears appear to be dead w/ $60MM private placement Recently drilled a few dry holes??? but then haven't we all!!!<g> Unloaded marginal properties but has excellent prospects in existing & newly acquired properties. Proven reserves 320BCFE... $2/share...I'm long 2.5k and looking to pick up another 5k tomorrow unless someone here can make argument against...TIA

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next