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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Fuller who wrote (7318)5/12/2000 1:16:00 PM
From: Cal Gary   of 24939
 
Hi Fuller,

But i think your $ 3.00 valuation is a little light.

I hope so too. I think BAU can get premium value for Ladyfern and Peggo/Helmut properties. They got $27,059 per BOED for the Bantry gas plant and associated production. Not bad for one piece. Check out their expected cashflow for 2000. These are raw numbers, unchecked but I get $0.87 cps. At 3x CF I get $2.61 valuation. At 4x CF I get $3.48.

I believe most of the deals for intermediate producers will happen before 2nd quarter numbers are released. Hunters will then have to pay more for the properties. Valuations based on trailing numbers, of course, will be less risky but also lower too.

Check out their expected cashflow for 2000. These are raw numbers, unchecked, but I get $0.87 cps. At 3x CF I get $2.61 valuation. At 4x CF I get $3.48.
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