Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bruce Wysocki who wrote (149)	1/19/1999 1:30:00 PM
From: Oak Tree	Read Replies (1) \| Respond to of 162

Bruce Is this company still viable. If they have nearly 800 wells why aren't they making money and why would adding some more wells make money? Additional equipment means additional costs. Would seem more valuable to get the existing wells to be more efficient. Anyway, the real question is: what is the likelihood that they will file chapter 11. If that is low, than they will recover when oil prices go up - as they must - and then the profit will be huge (even if it takes till we have grandchildren). What is your feeling about the risk of the company going bankrupt? How bad are their losses/margin and who is getting the money now?