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Gold/Mining/Energy : American Resources of Deleware (GASS) -- Ignore unavailable to you. Want to Upgrade?

To: tony mendoza who wrote (137)	11/8/1997 10:16:00 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 172

Tony, The way you figure the impact of gas price changes is to find out what the company's daily production was at the end of the 2nd quarter and multiply that by (90 x I x .92), where "I" is the increase in average quarterly gas prices. The ".92" is to roughly account for production taxes. This little pullback is now a clue that whatever it was that spurred the buying has gone away or somehow turned sour. Oh well, the stock is fairly valued right around here anyway so it shouldn't slip back much more. Good luck!