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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)

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To: rajaggs who wrote (546)	9/3/2000 4:05:14 PM
From: Len Hynes	Read Replies (1) of 601

Hi rajaggs; You raise some interesting and sobering points as to why energy prices are so strong and may continue to push forward further. Glad to see that you squezzed in at the~ $.60-$.70 cent range; I personally feel that you will be nicely rewarded in the months ahead on your investment.Note that I didn't use the word "speculation"...a term commonly referred to when individuals put money into penny stocks.Gentry has all the markings of an investment grade stock now...with ~13 year reserve life index, >1000 boe/d production, low risk-high reward properties(in a safe country),exceptionally strong balance sheet, .75:1 ratio of bank debt to annualized cash flow, etc.etc... A couple of wild cards may make matters even more exciting: O& G prices holding here or moving even higher( I saw a U.S. analyist a day or so ago predict $40 oil in the coming month(s);Drilling success on Stratic's Gabon property and/or further acquisitions, continued drilling success for Sloane Petroleum,as well as a key acquisition by Gentry. Interesting times ahead indeed! Len

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