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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: floj who wrote (633)	6/24/1998 9:40:00 PM
From: bhg	Read Replies (3) \| Respond to of 1288

Thanks for the vote of confidence. From a technical standpoint, if WT goes over 2.38 it should go to 3 before it hits any resistance. But the technicals aren't what's running the show right now. The fact is, there are new buyers and more are on the way. These guys are players. They are not in it for a day trade. They see a company with 2 billion dollars in saleable assets, with only 35mm shares outstanding. That gives a per share value of over US$57. You now where it is today. The company is also being managed well; under budget and ahead of schedule while all overhead is being taken care of by pumping oil from a small shallow well. That's why these guys are buying...although there are other reasons as well. bhg