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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (55297)11/23/1999 1:14:00 PM
From: Area51  Read Replies (1) of 95453
 
EEX now selling at less than 1 times the ML 2000 FY cash flow estimate of $2.78, and much less than Book value of $8. Apparently the street thinks that their next drilling project (Llano 3 should be drilled to total depth in February 2000) is going to be another dry hole. (The ML estimate above assumes some success).

You still like EEX even though you don't have a position??

Best Regards,
Area51

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