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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (430)	8/17/1999 2:50:00 PM
From: andrew r harwood	Read Replies (2) \| Respond to of 686

well i got nervous because i heard on the grapevine that petroquest was delaying payment to oil service copmanies indicating a cash flow crunch .on the most recent quarterly report report thier is a fairly large increase in thier short term liabilities .presuably the recent pp will alleviate thier cash flow problems and get them over the hump financially.the fact that the stock hasnt really responded to recent large increases in oil and gas prices is worrying even a clunker like ocean with mounds of debt has tripled from its bottom while petroquest just languishes i have descided to just sit on the sidelines for now .arh