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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)
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To: Louie J. who wrote (415)3/8/1998 9:24:00 AM
From: Bearcatbob   of 2306
 
Louie, Bearcatbob fears it will be a month based on the data available. Similarly I think there is the great likely hood that there will be a gas well. The question is how big. In order to move BEA and STF it will take one huge gas well. The quantification of what we have to the extent that it will drive these stocks is what I think we will have to wait for.

If you do some classical valuation analyses ie EPS, Cash Flow etc. and recognize that there are approx 50 million shares you can see that it is going to take a number of big wells and a large reserve to really move these guys. Therefore, not only do we need a big well now, we need a bunch of them. Remember, the No. 1 Bearcat well is a big sour gas well that has not moved the stock - perhaps only created enough interest to continue the hunt.

I would appreciate the thoughts of Grayhairs, Jim P yourself and others on this thread re my thoughts as expressed above.

Bob
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