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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CpsOmis who wrote (3883)	8/29/2001 3:57:59 PM
From: Bruce L	Read Replies (2) \| Respond to of 206087

AGA: 76 bcf highlandenergy.com

To: CpsOmis who wrote (3883)	8/29/2001 4:25:50 PM
From: jim_p	Read Replies (1) \| Respond to of 206087

Cps, Looks like no equity offering any time soon for KWK after Dain's downgrade last week. It's kinda hard to go to your best institutional clients and tell them you have a great stock to buy after you just told your retail clients to sell it:-)) I'd bet McDonald will be next to downgrade, they always run about two weeks behind the pack. Jack Aydin was asking a good question on the conference call, "how much will the reserves be written down at year end if NG prices decline from $10.00 per Mcf to $3.50?" Looks like he missed the price a little. KWK is a classic case of "greed". The highest leveraged stock in the sector and selling at a 50% premium to it's peers, and they hire a PR firm in Houston to pump the stock price higher when the equity markets were wide open for energy. If I were a director, I'd fire both the CEO and CFO. They bet the company and lost. I once had a boss who was highly regarded on Wall Street. He used to call about once a week, and always had the same closing remarks; 1) in a cyclical industry, the best time to raise equity is when it's available, 2) there is no such thing as "cheep equity". I once had lunch with his mentor who told me the same thing. When he died, Life magazine did a feature story on his life. His picture was on the front page with the caption "The god father of wall street" Interesting days, Jim