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To: Dan Peterson who wrote (8877)7/8/1998 3:24:00 PM
From: Terry Jackson  Read Replies (1) | Respond to of 11888
 
Dr Risk: - Bid is at 1 1/2. What are you doing at these levels? Buying more? Cutting your losses? Having second thoughts? Waiting till September for drilling results?



To: Dan Peterson who wrote (8877)7/8/1998 3:33:00 PM
From: Zeev Hed  Respond to of 11888
 
Dan, I do not see anything magic about $1.5/share. We have not witnessed any kind of capitulation, and I believe that supply of shares from debs conversion might still be a factor.

I am still on the sidelines, particularly that crude does not show any signs of wanting to start a nice summer driving season rally.

Zeev


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