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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: WWS who wrote (71139)8/17/2000 8:35:39 PM
From: isopatch  Read Replies (2) of 95453
 
There are many good Canadian companies, OS & E&P.

Played TESOF twice last year. Didn't catch the recent run so cudos to Bull and Roebear. Definitely would spring for a least a sm position of any dip. LT I agree there is plenty more on the upside.

My current Canadian fav is E&P EEE which IMO is still relatively early in it's bull run. EEE today is an entirely new ball game vs yr end 99'. And, it's my 3rd sm cap rec to buy at these levels and add to on dips, Big Bull.

This is what I find attractive about EEE:

1. New mgt and financial backing from Duke Energy in Mar/April of this year.

2. The arrival of experienced offshore & Deep Water player KMG to partner with EEE on their very large and exciting offshore Nova Scotia block, for a 1/2 interest plus they will operate the project for EEE.

3. A big recent onshore NG well in the, as yet, only partially developed and large Caroline NG Field loc in the very hot deep NG play that is picking up steam in the foothills west of Calgary.

4. An excellent inventory of other onshore prospects in the same foothills area and elsewhere.

5. The expiration of ALL hedges (very nasty ones too<g>) on 10/31/00 will see rev, CF, and earn. jump very sharply!

Putting all these pieces together, it's not difficult to envision the likelihood that - over the intermediate AND long term - small cap EEE could be one of the biggest %age appreciation plays in the entire Canadian E&P sector from todays close @ 2 1/4 on the AMEX.

And yes, I have a position<G>.

Isopatch
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