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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU)

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To: Dave M who wrote (340)5/19/1999 6:11:00 PM
From: Ed Ajootian  Read Replies (1) of 686
 
Dave,

Didn't get to the shareholders' meeting. I forgot that was happening around now.

This company is within a coupla weeks from having its cash flow almost double overnight --- when they turn on the spiggot at the High Island platform.

BTW, just wanted to point out a great website that these guys created, at petroquest.com. Its one of the best-kept secrets out there. I just found out about it because they showed the URL on their annual report.

This has a great pictorial of the High Island well, at petroquest.com. Let me tell you something, kids, there are not a whole lot of companies with market caps. under $25 mm that are drilling these offshore wells.

Today marked the official coronation of this company as a hot little oil & gas stock --- up big on > 100K shares of broad-based volume. In some ways this stock is a better buy here than when it was mired in that $.6875 funk a few months ago. At least now we know someone cares out there and now we can turn off the theme song to the Twilight Zone when we are looking at the intrinsic value of this company vis-a-vis its quoted market price.
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