Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Douglas V. Fant who wrote (45991)	6/7/1999 1:10:00 PM
From: The Ox	Read Replies (2) of 95453

Hi Doug and all, A lot of analysts attempt valuation models for the companies in the drilling sector using estimated NAV (net asset value) based on assumptions for crude and NG pricing. As prices rise, so do the valuation models. From what I have been able to find in my research, most models are currently assuming crude in the 15-16 WTI range and NG in the $2-2.40/mcf range for the next 18 months or so. Most stock target prices will have to be raised in the future, IMO, as I believe that prices will be above the ranges previously listed. Good luck, Michael

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