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Gold/Mining/Energy : Pan East Petroleum PEC-TSE Several Projects Starting -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (57)	4/8/1998 11:01:00 PM
From: HAZ	Read Replies (1) \| Respond to of 73

Richard, I'm holding on to my gas stocks until I see a real market top, right now they just getting back to where they were last October. In Pan East and Newport cases, they fell out of bed much earlier. If Newport show strong natgas production gains in q1 and q2, the sock will climb over 8.00 again. If Pan East can hit 40-50 mmcf/d in 98, and sell it for 2.50-3.00 per mcf/d, the stock will zoom back to 5.00. Look at Tri-Gas, still relatively inexpensive for pure gas play in southern foothills. They are partnered with Pan Cnd on some nice property. Also Spire and Cnd Conquest should benefit from higher natural gas prices. Cheers