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From:  "Blast Investor" <blast_investor@blastinvest.com> Date:  Fri Mar 5, 2004  11:25 am Subject:  Added WLL - oil/gas stock

Today I added WLL at $22.10. This is relative small position, only 10% of total account. WLL true book or NAV is around $32 WLL is oil/gas stock. Half of business is oil, another half is natural gas. So this stock is similiar to CHK. It 2003 true PE based on true earning is around 7, higher than CHK. However, its NAV or true book is $32 based on true PE=10. The 2003 earning is lower than it should be due to poor oil/gas hedging price. The WLL hedging program was not as successful as CHK in that CHK obtained high gas price (about 20% more than WLL). The oil gas price already is up huge and I expect the bull run of commodity to continue. To see the details reason for the gas/oil industry, please read my old article on CHK on the oil/gas industry long term trend. Insider buying: Lots of insider buying recently at $21. Target: This stock can trade up to $30 or more in 1-2 years timeframe. It has significantly more earning upside in the long run.

From:  "Blast Investor" <blast_investor@blastinvest.com> Date:  Fri Mar 5, 2004  4:06 pm Subject:  current position - correction

Typo, missed LIBHA LIBHA WLL CHK ADGO HCA HRB NEN NTES SOHU