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Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (22)	8/8/1998 7:01:00 PM
From: Robert T. Quasius	Respond to of 318

I think if EVER hit $40, I would take some profits. This stock is clearly a long term asset growth play. They just signed another deal with IFNY to develop more Raton Basin coal bed methane. This company has lots more growth potential in the Raton Basin, plus large lease holdings of similar coal beds in the UK. I have quite a few oil services stocks that have been hammered, including ESV, RDC, RIG, and TMAR. They will come back in the next 6-12 months. Extreme volatility is the nature of this sector! There isn't much analyst coverage of PETD. Most of the info I obtained from SEC filings, etc. I originally bought this one at $1, sold at $2, then watched it go to over $10! I bought back in in the low $5s, and fully expect this one to hit $8-9 in the next 6-12 months.