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: SliderOnTheBlack who wrote (55925)	12/2/1999 10:17:00 PM
From: Meridian	Read Replies (1) of 95453

RE: NBL - the Street's concerned about the methanol plant in Equitorial Guinea, I'm sure of it. But NBL used to just flare the gas that they will be using in methanol production ... so they will be the lowest cost producer in the world, save one small company in Norway I think. Payback on the plant is probably a couple of years, then it's gravy. They've got a project in Equador and gas in Egypt that should both come on over the next two years. Plus they generate about $10.00-$12.00 in cash flow/boe in the Gulf - even if decline rates are huge. At $7.00-$8.00 cash flow/share in '00 this stock is a layup at $21.50. gmbler

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