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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: Florida Cracker who wrote (943)3/13/1999 12:19:00 PM
From: Hunter Trout  Respond to of 1261
 
The current ask is .8125 and the bid is .625. If you buy now you've immediately lost money and will have to wait for a 30% increase in the bid just to break even - and that's assuming you pay no transaction fees. Big spreads like this are merely one more characteristic of worthless, post reverse-split, penny stocks.

As for deals, who's going to finance the uncertainty of more drilling while the big producers are capping wells because they can't afford the cost of pumping oil at current prices? Wake up!

HT



To: Florida Cracker who wrote (943)3/13/1999 2:42:00 PM
From: James Strauss  Read Replies (1) | Respond to of 1261
 
Cracker:

I would imagine that talks with Iran would be very low key... There is a tremendous oppty there... The more moderate tone of some of the members of their Gov't tells me that the atmosphere is more conducive to a deal between Tracer and the Gov't... Also, We've probably seen the bottom in Indonesia... As things improve there, so should Tracer's deal prospects...

Jim


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