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Gold/Mining/Energy : National Energy Group (NEGX) -- Ignore unavailable to you. Want to Upgrade?

To: Joe Sixer who wrote (148)1/4/1999 5:43:00 PM
From: Bruce Wysocki  Read Replies (1) | Respond to of 162
 
Yes- I sold for tax loss but bought back
in at right after announcement. There is
good chance things will improve with
Carl's cash infusion. The best info I have
is that it is a matter of getting
a few more wells on line to meet
future cash needs. (They own/co-own/operate
a total of 788 wells as of last quarter).

I don't think it will do much of anything
but "survive" now - but watch out if
oil/gas prices firm and climb back to
where they were before this debacle!



To: Joe Sixer who wrote (148)1/19/1999 1:36:00 PM
From: Oak Tree  Read Replies (2) | Respond to of 162
 
Joe, just picked up some shares on a whim. A friend had 100K shares -- he rode it down from $7 or something but still believes in it. Is NEGX going to live up to its unfortunate symbol name or is it going to be POSX?


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