1993-06-22, English, Article, Other article edition: Kelley Oil is latest darling of Wall Street; but the information on new well remains sketchy. (Kelley Oil & Gas Corp.) Mullins, William

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Physical Description
  • Newsletter article
Published
  • The McGraw-Hill Companies, Inc., 1993 June 22
Language
  • English

Edition details

Title
  • Kelley Oil is latest darling of Wall Street; but the information on new well remains sketchy. (Kelley Oil &‚Äč Gas Corp.)
Also Titled
  • Kelley Oil is latest darling of Wall Street; but the information on new well remains sketchy.
Appears In
  • Platt's Oilgram News, v71, no.n120, 1993 June 22, p1(2) (ISSN: 0163-1284)
Author
  • Mullins, William
Published
  • The McGraw-Hill Companies, Inc., 1993 June 22
Physical Description
  • Newsletter article
Subjects
Target Audience
  • Trade
Summary
  • Wall Street analysts who are closely watching the rise of Kelley Oil and Gas Corp stock on the American Stock Exchange agree that the cause of the increase is the company's new gas discovery in the Ouiski Bayou Field in Terrebonne Parish, LA. However, they differ as to whether the investment is sound or pure speculation. The new well is not yet tested, although some feel that it could potentially increase Kelley's gas reserves eight-fold. Kelley management has not estimated reserves and is attempting to keep out of the speculation until testing proper begins in approximately mid-Jul 1993. Kelley shares hit a 12-month high of $23.125 in June.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 13178563

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