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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?


To: Ellen who wrote (2896)8/12/1998 5:30:00 PM
From: Chuck Delo  Read Replies (1) | Respond to of 3817
 
I think there is a chance that this buying opportunity, or close to it may be around for a few more months. Unless there is major news on Matagorda or the price of oil goes up (not expected soon) we may remain flat for a while. It will take a while before revenues start pooring in from the stripper wells. And you have tax selling coming up in a few months. So I think the buying opportunity may stay around.
The good news being that this stock, (company) IS going to produce some very good revenues from the stripper wells alone (almost guarantied) and has other potentially very profitable things on the table. I am feeling real good about this investment and could actually use a little more time to be able to accumulate.
LOL, Chuck