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Gold/Mining/Energy : PetroQuest Energy, Inc (PQUE and T.PQU) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Jagow who wrote (285)	1/10/1999 8:48:00 PM
From: Ed Ajootian	Respond to of 686

Bob, I really don't follow the oil service companies and do not understand them very well. This sounds interesting but I personally would not touch this with a ten foot pole given where oil prices are today. For those deep water oil wells to be economic you need a higher oil price than currently. Just take a look at the current quote of Abacan (ABACF). They are sitting on millions of barrels of oil reserves over there in offshore West Africa and the company is virtually worthless. This sort of stuff is a good illustration of why I like to buy simple, boring little O&G exploration companies. They are so easy to understand.