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: BigBull who wrote (71213)	8/19/2000 7:05:58 PM
From: Tomas	Read Replies (1) of 95453

Oil & Gas Exploration & Production - Magnum Financial Group, August 2000 Sector Report "How are companies in the exploration & production industry valued in the marketplace? We take a closer look at two popular valuation methods for exploration & production companies." "Smaller energy companies to enjoy revenue growth" "the stage is set for further price appreciation moving forward." "The outlook for oil and gas prices remains strong due to favorable supply and demand factors. Valuations for micro-cap E&P companies do not appear to reflect this favorable outlook, suggesting opportunity for investors." "Few expect natural gas to fall below $4.00 any time soon, as it is expected to be in short supply over the course of the next two years." "The stage is set for the majority of energy issues to perform well for the remainder of the year with a strong carryover into 2001." "crude oil should stabilize in the $25-$27 / bbl range through 2001." Read the 4 page report here: magnumfinancial.com (direct link to the .pdf-file: magnumfinancial.com )

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