KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: Check who wrote (11700)	8/23/2000 1:16:37 PM
From: que seria	Read Replies (1) of 15703

This better be a triple bottom; I just added 50% more BKP. Cash flow multiple now about in line with the market but the fundamentals remain well above-average. Hard to find value these days in E&P, but I think this has become a value stock by missing the sector's large upmove in 2000. bigcharts.com is the 3 year weekly chart. In this environment, it sure looks like an entry point with a lot of upside and very little downside. Now that BKP has come clean about lower expectations for this year and next, treating ELHFS is all that's left before this patient returns to vigor. I assume nothing for BKP #2 and #3 in expecting a nice return from this price. There'll be a sharp but I think short-lived hiccup in the share price if those wells are a bust--that's the risk. Given today's natural gas fundamentals and even $25 oil, BKP finances exploration and development, and reduces debt, without California. No boldness here. Bold is buying ELH-dependent juniors (I've done all I can of that!!)

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