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Gold/Mining/Energy : Newquest Energy-NQE.A:TSE-Emerging Oil Story -- Ignore unavailable to you. Want to Upgrade?

To: barry doment who wrote (12)	11/21/1997 1:39:00 AM
From: CIMA	Respond to of 37

I know I'm getting my ass kicked on the last 1,000 warrants I have to dump by the end of the month...glad I dumped some others last week at $3.00. The rest I'm exercising because I believe in this company. I spoke with the IR guy today. They're announcing their third quarter results btwn Wed. and Friday of next week. NO SURPRISES! Inotherwords, they are on target and the market will not punish the stock for poor results as some others have been lately. They will not make the announcement about two wells though I've had conflicting info on that. Oil and gas, drillers, anything to do with oil has been getting trashed for over a week now. Something about fears of Saudi increased output, a peaceful Iraqi resolution and less future Asian demand due to their financial crises all being negative for the price of oil. Not much anybody can do about it except look for bargains. It is not a company thing, but an entire sector thing, and those are generally unforeseeable. If you still believe the story you maintain nerves of steel and buy more!