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Gold/Mining/Energy : ABC - Abacan Resources, Nigerian Oil $$$ -- Ignore unavailable to you. Want to Upgrade?

To: pete meyer who wrote (2714)	4/17/1999 10:58:00 AM
From: FoxyLoxy	Read Replies (3) \| Respond to of 3156

Mr. Meyers This is where Razor and I may differ. I think that he believes it will go to zero (but this is putting "words on Razor keys", and he is so much better at stating his position, usually with some great whit). I believe it will stay in the 1/ to 2/ teenies. I do not believe anyone will bother to "kick the plug". Total may just end up taking the concessions, but there is uncertainty whether in Nigeria they will be able to do that. (They ran into this problem once before, when they tried to buy Ashland's Nigerian properties.) Either way, Razor and I are within a dime or so. That being said, I am not about to "trumpet doom" at these levels nor state that people buying at these levels as "ill advised". I think everyone understands the inherent risks, has their own ideas of rewards and places their bets accordingly. IF the stock was marginable, which it is not, I would not short at these levels. IF the stock was reverse-split, well then I likely would consider it. Why?........because I do not think the plug will be pulled, so the stock needs a price. In my mind, that is the lowest common denominator - which is where we pretty well are. Only the regulators can pull the plug, by delisting the stock, and I have no clue if they would do that or not. FoxyLoxy