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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: CIMA who wrote (7464)	8/16/2000 10:43:56 AM
From: HAZ	Read Replies (2) of 24905

Tethys Announces Q2 results. See press release fin-info.com Can someone tell me why a stock with a proven track record over the last 4 years is trading at a projected 2.2 Price/Cashflow multiple for 2000. It is currently trading with a PE ratio of 7.7. These projections are based on US 25 WTI and 4.00 mcf for Alberta gas, which in my opinion are conservative. Additionally, TET has been balancing their Oil/Gas mix increasing their gas production faster then their oil production. Projected cashflow of 23.1 million versus 26.6 million long term debt is very conservative. So why has the stock price languished in the 1.60 range, when it should be up in the $ 3.00 range?? Can anyone please explain this discrepancy?? Thanks

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