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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Terry Jackson who wrote (7392)	2/15/1998 11:39:00 AM
From: qdog	Read Replies (1) \| Respond to of 11888

No. Apache is an established 2nd tier independent that has been a rising star. The jest of the article posted was to inform that all isn't as rosy in the patch as some had hoped. I have stated prior that if oil, nat/gas prices stay below $18 pboe, then capital budgets would change to reflect that decrease. This is a warning salvo that they (oil companies in general) will do just that. How does that effect AIPN? Well, they had a oppurtunity to sell part of this lease and held out or whatever. Their position isn't as strong as it was say 6 months ago.