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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: DavidCG who wrote (11217)	6/10/1998 11:46:00 AM
From: Jane4IceCream	Read Replies (1) \| Respond to of 11850

DavidCG... I respectfully disagree with your above post. The current oil trend has nothing to do with the price of ICVI stock. ICVI stock is a penny stock and more in tune to the usual gyrations of the penny arena where the MM's have control with per SI...the yeas, nays, Shills, and scam artists dancing in a circle and dancing on your mind. ICVI hasnt even changed formally the name yet to Mountain Energy per se so its recognized by the Street, let alone a small company even getting needed notice as an oil play. You want to relate world crude prices with oil stocks then you need to stick to the majors like Exxon and to the oilfield services like Falcon and Nabors et al. Jane!

To: DavidCG who wrote (11217)	6/10/1998 11:50:00 AM
From: Blitz	Read Replies (3) \| Respond to of 11850

DavidCG You just don't stop do you. Those are the oil prices for TODAY, and by the time MTEI gets the oil out the ground the price could go lower, or it could S O A R, thank you. Also, you forgot to mention (on purpose?) MTEI has COAL AND GAS as well. Oh, yeah, coal and gas are the same as oil right goldman?

To: DavidCG who wrote (11217)	6/10/1998 11:53:00 AM
From: eric deaver	Read Replies (3) \| Respond to of 11850

David, Several years ago, I sat in the environmental committee of the West Virginia Oil & Natural Gas Association (WVONGA) with several VPs from the "independents" in WV. I can tell you that in WV, the problem is not drilling new wells its getting the oil out of the existing wells. Now the majors have mostly pulled out of WV but the independents (at least when I worked there) are doing a fine business. With a lower overhead, they can afford to go after reserves that the majors left behind. The oil is there but the margins are too low for the majors. So to answer your question, yes a drop in oil price will hurt ME's margins but will not stop operations. Also you may want to focus on natural gas and coal prices as well. I think we will find that coal and natural gas reserves will dwarf oil reserves in the WV fields. FWIW, Eric

To: DavidCG who wrote (11217)	6/10/1998 11:56:00 AM
From: lazarre	Respond to of 11850

You're right. It's called cyclical. I suspect that if oil was at $22 a barrel, Mountain would be priced in tandem with it. L

To: DavidCG who wrote (11217)	6/10/1998 12:02:00 PM
From: ColleenB	Respond to of 11850

David, some of your assumptions are correct. The price of oil DOES influence an oil company's decision on whether or not to drill...there does have to be the $$$ incentive...especially considering that 4/5 wild cats are dry holes....however....one important clue is the part of the country...WVa...this is coal country...I may be wrong as I haven't looked at the maps but my educated GUESS is that the property in question has coal, and perhaps a little associated gas...just a guess though....I could be wrong. And if I recall correctly, the article did not mention any petroleum product by name, only mentioned that the property may be a source of mineral deposits. So I for one am not jumping at conclusions when the facts haven't been presented...still holding and waiting for some real information.