Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: SofaSpud who wrote (301)	10/4/1996 3:54:00 PM
From: Kerm Yerman	of 24935

David/Amber Energy Just took time to review 6mo. financial and operating report for Amber Energy. Revenue up almost 3X year ago. Cash flow up over 3X year ago. Cash flow per share up 2-1/2X over that of last year and that is with 40% increase in shares outstanding. Production in terms of barrel of equivilant up just short of 3X last year, with natural gas comprising 70% of total. You definitely have a winner with this one. Stock selling at 52 week high $18.75 and looking strong. Shares are a little expensive at this time, around 8X forward 12 month cash flow. Do you have a forecasted CF number for fiscal 96? I figure shares are selling at about 25X forward 12 month earnings. These figures are high only because of the premium placed on their growth rate. Wish you continued success with this company.

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