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Gold/Mining/Energy : PEL - Purcell Energy -- Ignore unavailable to you. Want to Upgrade?

To: VisionsOfSugarplums who wrote (81)	4/29/1999 12:43:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 165

The Westcoast pipeline will probably not be able to handle the flow from this first well let alone 2 or 4 wells from Fort Liard.The main transmission line will have to be upgraded at substantial cost. Purcell has great prospects long term with this discovery and shares could hit $4 to $5 in 2 or 3 years. Short term, brokers will try to flush out speculative money who will soon get tired of waiting for that big pop.Most sellers probably accumulated below $1 and are quite happy to sell into volume at a 100% profit.Look for a private placement from Purcell to take advantage of present interest in stock. Until the situation with pipeline capacity and reserves are settled this stock will remain a good stock to trade or accumulate this summer when things die down. Richard