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Microcap & Penny Stocks : Kelly Oil (KOGC) -- Ignore unavailable to you. Want to Upgrade?

To: Caroline and Daughters who wrote (11)	2/2/1998 10:12:00 PM
From: wolfdog2	Respond to of 50

Al, thanks for you message. I've been digging deeper since my post asking for information. At least one analyst thinks that Kelley will issue stock in order to beef up the balance sheet. That would solve the balance sheet problem perhaps, but will dilute future earnings. Current energy prices are weighing the stock down, as you suggested, even with 40% of their output hedged. Kelley at this point is really a play on future energy (especially gas) prices. Gas supplies are much tighter domestically than people realize. Any dramatic change in the weather (cold in the winter, hot in the summer) could boost gas consumption and prices as well.

To: Caroline and Daughters who wrote (11)	2/9/1998 10:23:00 PM
From: oilstks	Read Replies (1) \| Respond to of 50

Posted by: Kelley Oil on February 09, 1998 at 17:06:26 (on their web site www.kelleyoil.com) In Reply to: Goals posted by Stockholder on February 03, 1998 at 17:15:43 The Company is currently drafting its 1997 Annual Report to Shareholders which will delineate both short-term and long-term goals. While an in-depth discussion in this forum would be premature at this time, certainly increasing shareholder returns will be among the most important tasks ahead for the Company.