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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: oilbabe who wrote (58501)1/14/2000 11:36:00 AM
From: JungleInvestor  Read Replies (1) of 95453
 
Speaking of laggards, any thoughts on EEX? They are selling significantly under NAV (excluding Llano), just bought Tesoro on-shore properties which gives them a nice, certain cash flow (rumor has it that they sold their shallow water - shelf - properties which would leave them with just Llano and EW-482), their management made large stock purchases last November, and they are more than half-way down in their third Llano well (results should be obtained in the February/March time frame). Posters on Yahoo with supposed "insider info" (you know how that goes) say that management is deleriously happy with third well's results and others say that the third well is a failure.
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