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PetroQuest Energy, Inc. (PQUE) Message Board

  • Justa_Country_Boy Justa_Country_Boy Nov 11, 2004 2:33 PM Flag

    Where is the bottom?

    This thing is starting to look like a classic pump and dump. It was supposed to be a "doubler" according to a well known stock expert. The recommendation was to buy under $5.50. Well, there is plenty of room to do that now. Sorta makes one wonder what in hell is going on here. Decent earnings, low price, seems like a good company, but it just keeps falling.

    Of course, you have to realize that the 52 week low was $2.00. I have seen this before with other companies and it does not look good. So called "experts" toting a stock like it is the best thing since Mon's apple pie then all of a sudden bailing out when they reach THEIR objectives. I sure hope that I am wrong.

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    • Just an observation on my part....a "pump and dump" will usually revolve around some kind of fundamentals.....I personally suspect PQUE has been pumped....then dumped.....then pumped again when it was perceived that the dumping was limited and the potential fundamentals have been improving....in other words there usually has to be some kind of core reality and the core reality for PQUE has indeed improved.....I would be surprised to see PQUE go back to the $2 mark you mentioned in the next few years...>I just don't see that as happening....especially if the debt gets paid off. Why? Because the current energy environment and management successes have made investors more eagor to invest (IMO)

      now if you can tell me what the fundamentals will be a year or two from now, then we really have something.

      • 3 Replies to DonnieAppleseed
      • Kayvon, thanks for the correction.....

        I certainly did not mean PQUE was pumped by management.....I was thinking more of Tobin Smith and maybe some of the other "trader" newsletters who go for the next new hot thing on the market.....then "dump" it when it is convenient.

        Nor do I think PQUE has been unreasonably bought....or (at this point) overbought.....

        I think it is currently being traded fairly.....

        thanks for correcting me.

      • Nobody has pumped PQUE. PQUE management never publishes any PR except if it is bad news like IVAN shut-ins. We only get one quarterly report every 3 months. Some of the good news have never been published until earnings time. Even analysts don't talk about PQUE except at earnings time.
        This board old timers only post a few time per quarter. We get some new investors once in a while that either bash or post one liner here. We see a bunch of bashers when PQUE gets above $5. So, I don't see any pump here but a lot of dump. No wonder that this stock is oversold most of the time.
        After all, PQUE record in past 5 quarters or so is very good. Production and revenue have increased sequentially quarter after quarter. PQUE had 2 acquisition without offering any new shares. If it was not because of third party pipeline shut-ins, PQUE production for Q3 could be above 45 mmcfe/d but increased production for 2005 is obvious. Another point is that PQUE management is switching to long life wells by acquiring east texas and Oklahoma fields.

    • You are close to the bottom. O&G sector is oversold weeak and PQUE can't move significantly without the sector but compare to peers PQUE has held very firmly in past few days.

    • You talking about TS?

      No worries, he can be a great contrarian indicator with his timing. He dumped ATPG at 10.90 after having his buy price at $6 last year, so he could post a big WIN on his list to offset so many of his LOSERS. ATPG ran on up another 4 bucks right after his sell rec.

 

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