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Gold/Mining/Energy : TTG - TransTexas Gas Corp -- Ignore unavailable to you. Want to Upgrade?


To: TIPPY2 who wrote (4)6/3/1998 8:18:00 PM
From: Colin Cody  Read Replies (2) | Respond to of 30
 
I think they are having some cash flow issues to contend with. They also tend to be a little on the "hypey" side, and that may be having some back-lash as the stock may have gotten ahead of itself a number of months ago. So with the price of oil dropping and the whole industry selling off, this one fell faster.

At this stage (under $15) TTG is fairly valued, IMO, and with finds like today's news, and last weeks news on McNeil reserves are being added and that should reflect itself in the price... eventually.

Colin