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Gold/Mining/Energy : PEL - Purcell Energy -- Ignore unavailable to you. Want to Upgrade?

To: rajaggs who wrote (156)	12/29/2000 6:03:24 PM
From: rajaggs	Respond to of 165

Purcell closed at $3.90 today on good (for PEL) 150,000 volume. In past 3 days it has climbed about 15% and has shown strength until late today, when day traders sold off. Looks like the dream of a $5-$6 stock may be coming into the realm of possibility, rather than faint hope. Cashflow for 2001 is estimated by PEL holders on SH to be about $2.30/share, which would make PEL into a $ 4.60 stock at a 2X multiple. $6.90 at a 3X multiple. These multiples are brutal right now and may well improve through next 3 months. Snowstorm forecast for north-east USA. Between 12 to 20 inches for eastern Penn, NJ, NY and more in Mass and Maine. Looks like one to remember, from what the forecasters are saying. We can't say that God is not on our side, can we.? Have a great New Year everyone and keep the snow shovel handy if you live in north-eastern US. 'jaggs