Canadian Oil & Gas Companies Message Board

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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Bearcatbob who wrote (7091)	2/4/2000 9:10:00 AM
From: HAZ	Read Replies (1) of 24925

The problem with this market is nobody wants the junior oils anymore, and, the demand is not there right now. Therefore if your an investor and you know how to value O&G, you might be at a disadvantage with all your knowledge. You know what the stocks should be trading at based on Cashflow to debt, dollar per producing barrel, etc, but nobody is willing to pay the same price you are. You buy based on this infor and bid the stock up, but once you done, it falls back. No it wasn't me buying at those prices, but I have standing order to buy at 1.40. Eventually the price for these types of stocks will come back to an equilibrium. This stock should be at 3.00 plus based on all O&G messures. Cheers

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