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Subject:  TransTexas Gas (TTG) Date:  5/1/1998  5:28 PM
Author:  MuadDib Number:  819 of 14486

Anyone think that we might have a value/turnaround here?

Sold the Lobo trend properties/production to pay down debt, reducing costs. Earnings look bad due to a massive charge for the early retirement of debt.

Has a lot of potential with the Galveston find. TTG is focusing more on exploration than it has in the past.

Stock has been in the dumps for a while.

P.S. I don't think that this one is ready to buy, but it might be worthy of the "watch list."

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