Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (66159)	5/15/2000 11:09:00 AM
From: ItsAllCyclical	Read Replies (2) of 95453

EPEX looking like a mildly good laggard in the E&P micros at 2 1/8. About $1 in cash flows. Moderately hedged, but not as severe as RRC. I had looked into this issue at 3, but will have to call IR again for the latest. Bought a stake equal to about 2% of my portfolio today at 2 1/8. Will probably considering selling 1/2 in the 3 to 4 area and letting the rest run. EPEX chart 207.61.23.98 They reported earnings last monday but gave no eps amounts. Kind of strange...suspicious might be a better word. Either way I don't see much downside given commodity prices. Production levels for 2000 will probably be flat to modestly upward, but on a positive note they have very little debt unlike many micro E&P's. I bought it mostly for it's laggard status and technicals. Currently have RRC, EPEX and EEX in the small cap E&P's. I like EEX the best.

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