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

To: Gofer who wrote (161)	3/11/2001 12:26:43 PM
From: rajaggs	Read Replies (1) \| Respond to of 165

I find it hard to see that price, if there is a takeover coming. It's above the sort of premiums being paid for other O&Gs in recent times. It could be that the Shell/Barrett takeover bid will jack up the premiums for the best of the NG producers like Purcell, but hardly to over 50%. I hope that PEL do hang tough as they are; with continued success in JV with TLM, in what is proving to be a productive area for large NG finds; but if not I surely hope to get top dollar for my shares. Right now $7 looks OK but it might not look so good later in the year, as the NA gas system is struggling to recharge, after a long hot summer. Hoping for $10 one day before I retire. 'jaggs