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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Platter who wrote (35970)	1/27/1999 3:06:00 PM
From: Jon Cave	Read Replies (1) \| Respond to of 95453

FEN was in disscussion with a couple of banks about getting a new loan. FEN announced that the discussions were over with on Friday. Moody's announced I think on Monday after the close that they will review FEN's status on their bonds and may give them a lower rating. The Moody's anouncment is what drove the price down from 1 1/2 to 3/4. I think management has been terrible. Basically this stock could go belly up at anytime. If they do get a loan or sale some assets, this could easily be a $5 stock in a year. Natural gas prices need to rise or at least stay at this level for this company to have a chance. What ever you put into FEN, you had better figure on loosing. I like to take a chance every now and then. I would rather pay 3/4 for FEN then $300 for some darn internet stock. I am just a novice so take everything I say with a grain of salt. This is a wild senerio and maynot be legal. But, what if the bankers called of the discussions with FEN and then went and bought a bunch of FEN stock at 3/4. In a few weeks they reenter discussions and give FEN a loan. The stock would at least double from 3/4 and maybe rise 500%. Not a bad deal for the banks.