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

To: Katherine Derbyshire who wrote (35)	8/30/1998 5:07:00 PM
From: PuddleGlum	Read Replies (1) \| Respond to of 318

Katherine- I checked AE's profile, since I hadn't heard of it before you mentioned it, and I'm surprised at the price to sales ratio. Is that real? Market cap is only $27M. That could be a problem, because companies that small may not have sufficient access to capital, and that could be a real problem if this energy crisis lasts past this winter. Your safety net is that the company may be taken over, but it might have to bleed a long time before a white knight shows up. I'd follow diana g's advice (she has always seemed to be a savvy investor) and say that maybe you'd be better off elsewhere (maybe CASH) for now. Just my 2 cents. pg