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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: SofaSpud who wrote (7090)	2/4/2000 12:23:00 AM
From: Tommy D	Read Replies (1) of 24927

RBC's Analyst came out with revised numbers suggesting cash flow of $2.41 for fiscal 2000 but increase from previous numbers was not significant (ie. increase of $.09 for the year). However, increase in cash flow was not unlike those of other oil/gas companies in their analysis. Didn't lower the price target and maintained a buy. Their report was issued January 31 so if someone is leading analysts downward, they must have missed RBC. My read of the previous research from RBC was that the previous estimates did not include any amount for the current drilling so what has changed in the last 7 days to make these estimates invalid. BKP has got creamed in the last 2 weeks but so have other oil/gas stocks. Alberta Energy down from $48 to under $41 today illustrates the point. Time will tell but I am not sure why the action with BKP in the last few days compares to MEL and its horrible drop. Not disagreeing, I just don't see the connection. In any event, I bought a bunch more today so I really hope everyone is wrong. Regards TommyD

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