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

To: bhg who wrote (995)	8/6/1998 3:27:00 PM
From: Biff	Read Replies (1) \| Respond to of 1288

I completely agree with you Bruce. WT is becoming a producer as we speak, and this will attract something that is usually missing with exploration companies...institutions buying up large positions. WT will attract a whole new group of investors that will move it up in dollars, not pennies. The problem WT has had in the past few months is that it's shareholders are short term "retail investors" taking short term positions and not looking to the long term. When WT has a few wells producing, cash will flow and earnings will swell. Forget about the stock for now, and within a year, we will all be in the money. The general state of the small cap markets, in particular, the commodity stocks is brutal. The markets have tanked over the past month. WT has only dropped a few cents. Hold on to WT and don't bother trading it at the moment, it's volume has dried up, along with it's volatility. Biff