PetroQuest Energy, Inc (PQUE and T.PQU) Message Board

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

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To: Ronald J. Clark who wrote (344)	5/21/1999 8:52:00 AM
From: Ed Ajootian	Read Replies (1) of 686

Ron, Thanks, I had seen it. 1st quarter numbers are not all that relevant for this company since it is about to virtually double its production with the High Island well. They did not get their borrowing base raised as much as I'd hoped, so they will have to depend on funds from other joint venture partners going forward. Hopefully Andrew can get to that annual meeting on Tuesday and tell us what they say there. The fact that the stock held at the 15/16ths mark is very bullish IMO. We obviously do not have any short-term traders in this stock since they would have taken their 30 - 40% profits and ran yesterday. Looks like everyone is content to just hold, even with these gains, and wait for the upcoming news. If anyone wants to get in at this point they had better be prepared to take out the "ask". I've had a pretty healthy order to buy at $1 that has gone unfilled for the last two days.

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