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Gold/Mining/Energy : Commonwealth Energy Corp. (CWY.ASE) -- Ignore unavailable to you. Want to Upgrade?

To: Colt who wrote (45)	1/13/1999 10:33:00 PM
From: Leigh McBain	Respond to of 242

Craig, I was wondering if you might be able to tell where you got that posting? I have found very little conversation about the company out there besides the 2 threads that I basically keep updated (the one here and the one on Stockhouse). The company does indeed have a relatively small float out, but keep in mind that there are still over 20M shares actually out and looking at market depth today, there is some selling pressure backed up on the ask. Don't get me wrong, I like the company, the market structure doesn't appear to be bad, the properties appear to have merit and the introduction of this new exploratory technology sounds great. I just like to keep things in perspective. As far as the assessment is concerned, Commonwealth is no different than any other O&G company at the moment, they would prefer to make hits on gas rather than oil. They do have access to a number of shallow targets and this will help to keep drilling costs down. The new technology has shown to be an excellent method for identifying what to bother drilling and what not to. They have a number of prospects and are intent on being quite busy this year, so paying attention to them would appear to have some merit. I am currently unaware of any big players making a significant move into this play at the retail level, but I will look into it and see what I can find out. Salut, Leigh McBain