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Gold/Mining/Energy : Panaco Corp (PANA) -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (63)	6/8/2000 7:04:00 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 115

Freeway, I believe it is now unrealistic to be holding out for this stock to dip under $1. It has formed a solid base right at the $1 mark and I would be stunned if it ever closed under that quote again. This stock is getting stale and it needs some new fans IMO. Everyone here as already either bought all they want or is holding out for a dip to some unrealistically low price and will probably never buy. Starting in August they should be at a point where there will be a slew of news coming out due to the increased pace of drilling. I believe the company should embark on a hype campaign to heighten exposure of the stock to the retail investor. Even though I use the "h" word this can be done in a professional manner. For example, Investors Business Daily has this section in the back where companies pay to reprint their recent press releases, and there is a coupon to order more info on any of the companies featured. I believe Barrons also has this. The key here is that you gotta commit to doing this for several months, during which you run at least 3-4 releases. I believe this would be an effective way to get the PANA story out to more folks. What does the Board here think about this? Hype generally is only effective if accompanied by a series of significant news coming out from the company. I believe there will be such news coming out on PANA from August on. Heck, even the quarterly earnings reports will be significant. PANA should start a practice of sending out a little 3-fold brochure at the end of each quarter, which could have a brief letter from Larry and then just show abbreviated income statment, balance sheet, and production stats. I get one of these from Comstock Resources and it looks like its just done on a laser printer for cheap $, yet the additonal info. is welcomed. This company has just been through a tough time but I believe now it should loosen its grip on its bank account and let the money flow a bit more freely, and increase that Investor Relations budget.

To: Jane4IceCream who wrote (63)	7/30/2000 7:22:57 PM
From: Ed Ajootian	Respond to of 115

JULY 31, 2000 No Flameout Dip in natural gas apt to be temporary By Cheryl Strauss Einhorn At their peak, natural-gas prices were up more than 100% since the beginning of the year. From $2.13 in January, they jumped to a record $4.72 on June 27. Since then, they've mostly traded one way: down. In the last 30 days, prices are off 20%. Friday, the active September contract closed near $3.80 per million British thermal units. More relief may be ahead. "Gas prices will fall," predicts Frank Bracken III, Jefferies & Co.'s gas analyst. He figures the range between now and October will be between $3.50 and $4 per million BTUs since the market is coming into the so-called "shoulder months," between the peak cooling and winter heating season. Air-conditioning demand also has been weak, as this summer has been 7% cooler than last. Prices still are 30% higher than a year ago despite the recent dip. The decline hasn't reflected industrial demand, which is booming. Instead, the selloff has been self-imposed; high prices rationed demand. "No one expected $4 gas prices," says Bracken. "It never occurred to anyone that we could get feed shocks." But we did and we do. Just look at Mississippi Chemical, a big natural-gas user. "The volatility has certainly affected us," says Keith Johnson, manager of the fertilizer company's investor relations. Indeed, Mississippi Chemical idled much of its ammonium nitrate and nitrogen solutions facilities back in early June. "We've changed our production based on market conditions." Competing fertilizer producers like Potash Corp. of Saskatchewan and Terra Industries have also felt price pressures, as have commodity companies in other industries. Aluminum producers like Alcoa also have been affected. In petrochemicals, where up to 15% of the cost of producing items like methane is fuel cost, producers such as Methanex and Sterling Chemical have shuttered capacity, too. Bracken figures that all told, the industry has lost half a billion cubic feet of industrial demand because of the high prices. Yet the industry has been working hard to remedy the situation by boosting supplies -- to no avail. Rig counts exploring for new reserves are at their all-time high. Today, about 625 rigs are running, the same as at the last peak. But there's an important difference -- the results. "Production is lower," says Bill Featherston, a gas analyst at Prudential Securities. "We're simply not getting enough new supplies." Even the gas-storage numbers tell the same story. Gas storage is currently 1.8 billion cubic feet, narrowing the gap versus last year's level. And as we ramp up for the winter, storage injections should continue to rise and surpass last year's figures on a weekly basis. But this is misleading. Last year, supplies were so bloated that additions were low. They ran 20 billion cubic feet below the five-year average. Thus, as the industry receives its weekly storage data, the comparisons will make the current run-rate look high. "The market will struggle to reach 2.5 trillion cubic feet by October 31," says Featherston. "That is significantly below the typical target of 3 TCF." Even last year, when America had its warmest winter ever, usage totaled 2 TCF. Thus the short-term weakening in prices may be a bull's long-term buying opportunity. Copper prices hit a six-month high last week amid robust economic data, notably a 10% jump in durable-goods orders in June, for items such as commercial aircraft. That bodes well for the red metal since about 2%, or 9,000 pounds, of the total weight of a Boeing 747 jet is copper. Prices finished the week near 86 cents per pound. Gasoline prices were up for most of last week too. Tosco Corp. halted production at its 144,000-barrel-a-day facility in New Jersey, the second-largest in the region; there have been rumors that the company has been actively buying in the cash market to make up for lost supply. Gasoline was trading at 94.25 cents per gallon Friday, up nearly three cents on the week. Crude oil was little changed. Traders expect that the recent plunge in prices may induce Saudi Arabia to delay plans to boost output next month. Crude ended the week near $28.20 per barrel. ********************************************************** Above from this week's Barrons. Jane, I would strongly suggest picking up some PANA at these prices if you haven't jumped on board yet. Granted, its a bit more than your desired entry point, but there's a lot more fuel left in this rocket ship as I see it!

To: Jane4IceCream who wrote (63)	9/4/2000 9:23:17 PM
From: Ed Ajootian	Respond to of 115

Hopefully this latest rally in PANA left behind enough potential buyers so that it will bounce back smartly when it corrects this week. It looks like oil has a good chance of hitting $35 now and that price (along with the concomitant front page headlines) should induce even more of the Joe Sixpacks to consider putting some of their portfolio in energy stocks. I scanned the other energy stock boards on Raging Bull and PANA has about the 12th highest amount of posts. Most of the energy companies with more posts are either schlocks or downtrodden overlevered turkeys such as Queen Sand Resources. I don't believe any of the others are listed on an exchange. I know folks are anxious to see the Amex listing become official but if everyone can just stay patient a few more weeks, we will all be happy campers. IMO the best possible sequence of events would be that the East Breaks drilling update comes out Friday, the Amex listing announcement comes out a coupla weeks after that, and then the DelValle well announcement comes out a week later. We want the East Breaks news before the Amex news, so as to minimize the amount of "selling on the news" from the East Breaks news. Also, it gives the retail crowd one last chance to buy into this stock, with good news in hand, before the institutions are allowed to begin their feeding frenzy when little ol' PANA becomes a listed stock again. When PANA gets back into the spotlight and is, say, half-owned by institutions, and PANA management starts to only talk with analysts and not mere mortals such as individual investors, hopefully they will remember the days back in '00, when it was the common man, the Joe Sixpacks of the investing world, that nursed PANA back to life when it was on death's doorstep.