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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: denekin who wrote (7070)1/31/2000 5:10:00 PM
From: SofaSpud  Read Replies (1) of 24921
 
Lawrence / Pengrowth

I don't follow it, so I can't share any blazes of insight. I did check the Nesbitt Burns Red Book, which has Pengrowth rated a 4 (out of 5) with a target of $16.80. Interestingly, their estimate distributable income is $2.50 in 2000, falling to $2.21 in 2001; for CFPU $2.54 and $2.24 respectively, and for EPU $0.71 and $0.48. This may reflect their gas price assumption ($3 in '00, then $2.75 in '01), but I'd want to check if anything else was going on. The write-up refers to "high quality assets", which is something I would definitely want to check on for myself.
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