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Gold/Mining/Energy : WOLVERINE ENERGY (WVE.A) - Recommended in Buy Low, Sell Hi -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (20)	5/24/1998 12:11:00 AM
From: tide	Respond to of 37

Good to hear somebody's around. We have a bit of WVE & wondering when/if it's ever going to make a concerted move. Sorry, I have no recent info to contribute. Will be watching for someone elses 'news'/ideas. tide

To: kingfisher who wrote (20)	5/24/1998 12:44:00 AM
From: Michael M. Cubrilo	Read Replies (1) \| Respond to of 37

Richard, just a minute... I have to adjust some bandages from my recent encounters on the Tusk thread... there, that feels better. I cannot explain why WVE has not responded better on what I feel is a positive news release. Sometimes, the horizontal gas wells encounter flush production and rates can be high initially and fall off dramatically later. However, the high flowing pressures at the wellhead are encouraging. As Grayhairs indicated on the Bearcat thread, a DST may have indicated some skin damage and with a carbonate formation, an acid job may be required. Things look positive and I still have a position. Nothing more to add right now... it is odd how some of these issues have been responding to news. As far as if I would be buying more now? Nope. I see no reason (on the chart) to do so. Activity is flat. This is a hold and watch. Reason I bought in? Mostly because of the BLSH recommendation. There are SO MANY plays out there... each one could hold the next big Kahuna. Including Tusk. How will Tusk respond on news? Who knows. I watch the charts. Perhaps the market is waiting for the gas to be tied in. The 3.5% H2S number is excellent. Should be no problem to get out of the wellbore and down the pipeline to a plant. mike